Buy Now Or Foever Hold Your Peace

Dated: June 1 2015

Views: 195

Hey Buyers! 

It's that time again, time for me to shed some light on what you don't know and what you need to hear, even if it's not always pretty.

So, here we go!!!!!

What you need to know but don't want to hear:

Over the last 12 months, prices across the board have gone up 13.12% . That means on average $200,000 house that you could have bought last year would now be almost $226,000 today!

But that's not the whole story...

The market in the $150,000-$250,000, by far the highest volume previously is sitting with an incredibly low 3 month inventory right now which is driving prices up.

Gulf Front condos, especially average sized 2 and 3 bedroom condos with a direct Gulf view is staggeringly high right now and STILL CLIMBING! A $400,000 condo last year is now easily a $500,000 condo today and I fully expect this to keep climbing until we finally get some inventory back!!!

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