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Julie Larson REALTOR®  941-284-9826

Mary Lou Hetman REALTOR®  941-320-1575

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Want To Keep Up With The Joneses? Now’s The Time

Want to Keep up with the Joneses? Now’s the Time

Want to Keep Up with the Joneses? Now’s the Time | MyKCM

Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life?

Market conditions around the country have presented an opportunity like no other for those who are looking to make the jump to a premium or luxury home.

The National Association of Realtors reports that national inventory levels are now at a 4.3-month supply. A normal market, where prices appreciate with inflation, has 6-7-months inventory. The national market has echoed the conditions felt in the starter and trade-up markets as inventory has declined year-over-year for 25 consecutive months.

The chart below shows the relationship between the inventory of homes for sale and prices.

Want to Keep Up with the Joneses? Now’s the Time | MyKCM

According to Trulia’s latest Inventory Report, the inventory of homes for sale in the two lower priced markets has dropped by double digit percentages over the last 12 months (16% for starter and 13% for trade-up homes). While the inventory of homes in the premium home category has dropped by only 4%.

This has created a seller’s market in the lower-priced markets, as 54% of homes were on the market for less than a month in the last Realtors Confidence Index, and a buyer’s market in the luxury market, where homes were on the market for an average of 160 days according to the Institute for Luxury Home Marketing.

Bottom Line

If you are even thinking of listing your home and moving up to a luxury home, let’s get together to evaluate your ability to do so. Homeowners across the country are upgrading their homes, why can’t you? Your dream home is waiting!

Call Julie Larson TODAY at 941-882-0322 to get more information regarding the value of your home or complete the form below!

 

~ Keeping Current Matters
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Posted in: Bradenton Real Estate, Casey Key Real Estate, Charlotte County Real Estate, Condos, Englewood Real Estate, for sale south venice, Lakewood Ranch Real Estate, Lido Key Real Estate, Manatee County Real Estate, Manatee County Real Estate Resources, New Homes New Construction, Nokomis Real Estate, North Port Real Estate, Osprey Real Estate, Palmetto Real Estate, Parrish Real Estate, Real Estate, Sarasota County Real Estate, Sarasota Real Estate, Sarasota Real Estate Resources, Siesta Key Real Estate, Venice Real Estate

About Julie Larson, Realtor with White Sands Property Group FL

Julie loves the Sarasota's Suncoast area and gets a lot of joy out of matching up home buyers with home sellers and creating a win-win situation for all involved.

ThinkSuncoast.com is your one-stop real estate resource for Sarasota and the surrounding areas.

Your questions and comments are always welcome! Call or text 941-284-9826, email Julie@ThinkSuncoast.com or by using the form on our Contact page!

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Contact Julie Larson

 
 
 
 
 
 
 

Julie Larson, Realtor®
941-284-9826
Julie@ThinkSuncoast.com

Julie Anne Larson LLC

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White Sands Realty Group Florida
1990 Main Street Suite 750
Sarasota, Florida 34236
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