IS NOW THE TIME TO SELL?September 17, 2020 | By Chuck
Last night I was surprised to read the headline of an article in my inbox, Realtor.com: For-Sale Inventory Lowest in Two Years. “The Lowest in Two Years?” I thought, “Surely,not.” So now, of course, I am doing some research.
According to the article, The National For Sale Home inventory has dropped over 30%, and in Florida it has dropped 8.8-16.5%regionally. In the Orlando/Kissimmee/Sanford area the inventory has dropped 14%and the average number of days a home is listed for sale on the market has decreased by 2, down to 68 days. According to Realtor.com the reason for this is that over 4.8 Million people will be turning 30 in 2020, and statistically,this is when most people by their first home.
Even more reading led me to a 2018 article, Report: Volusia-Flagler is nation’s No. 4 ‘top housing market’. And while, yes,Florida has always been the destination for snowbirds and retirees, current surveys show that people are moving to the Volusia/Flagler area from other Metro Areas in Florida, such as Miami, where the housing prices are much higher. Adding to the appeal of the DeLand/Deltona area is the new business and retail developments that are being constructed. A variety of new businesses including Hospitals,Medical Offices, retail shopping and restaurant spaces, are creating an attractive community and easy access to the interstate is appealing to commuters. And new businesses are coming to the area, just a few weeks ago Amazon.com announced a new distribution center located in Deltona.
So, if you have been considering selling your home, now maybe the time.