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State Of The Market In Gulf Breeze Florida The Experts Say!

By Charles Stallions

Real Estate Broker/Owner with Charles Stallions Real Estate Services 610125

February 26, 2023 03:00 AM

The market is shifting but it is still a great time to sell and/ or buy a home in Gulf Breeze Florida. If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years.

Real Estate Market Trends For Gulf Breeze Florida

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Buyer Demand Then and Now in Gulf Breeze Florida

During the pandemic, mortgage rates in Gulf Breeze hit record lows, spurring a significant rise in buyer demand. This year, as rates increased due to rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend

What That Means for You When You Sell

The key to selling in a changing market is understanding where the housing market is now. It’s not the same market we had last year or even earlier this year, but that doesn’t mean the opportunity to sell has passed.

While things have cooled a bit, it’s still a seller's market. If you work with a trusted local expert to price your house at the current market value, the demand is still there, and should sell quickly. According to a recent survey from realtor.com, 92% of homeowners who sold in August reported being satisfied with the outcome of their sale.