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.