Sharpening Skills-Real Estate in a Changing Market

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Real Estate Agent with Florida Property Experts
After a steep drop in area sales, and an unprecedented listing inventory, 2007 is showing much desired improvement in market conditions in central Florida.

In the summer of 2005, in the Daytona Beach area Association of Realtors, our MLS showed an average total inventory of approximately 1400 listings. We now have over 7000!  At the same time, at the peak of the market boom, the Daytona Beach MLS records showed monthly sales from between 500 and 800 per month. Since the summer of 2006, those numbers have been between 200 and 300. But thankfully, those sales transactions are slowly increasing; even if the inventory is increasing as well.

In the midst of a troublesome market, I'm still glad that 7 years ago, I started my real estate career. Real estate has always had it's peaks and valley's but we just finished the highest peak we've ever seen. I'm thrilled that I didn't miss out on that exciting time. And now, I have the privilege of learning new things and adapting to a changing market. Sharpening my skills, is just one more way for me to give my clients superb representation. 

In the midst of struggles, one can always find a ray of sunshine, if they look hard enough.

Buy Daytona Beach real estate

Lisa Hill

 

 

 

 

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Rainer
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Bob Sloop, Consultant, Indianapolis, IN
RS Mortgage Consulting - Indianapolis, IN
Lisa, we actually ran a same scenario on our market a few days ago.  We are being flooded with new listings and sales are not as strong as we wish for.  I predict we will not be back on track with our listings showing higher prices being stable, until we have less of an inventory of homes to sell.  I think we are hedging forward, slowly.  My crystal ball is on the blink right now so I will go along with your positive input here and certainly hope for the best from here on in.  Thanks for finding that Sunshine.
Apr 14, 2007 01:02 AM #1
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Rainmaker
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Lisa Hill

Daytona Beach Real Estate
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