Interest rates are back above 7%, and average days on market are getting longer in my area. Traffic hasn't picked up much since the holidays, and I know many sellers are feeling frustrated, wondering why their home hasn't sold yet. Here's the reality and the average days a home is taking to sell right now: - Dothan : 32 days - Atlanta: 28 - Orlando: 35 - Miami: 45 - Ocala: 75 days There's hope in this market, and things could turn around for the better at any moment. For buyers, now is the time to negotiate. Don't hesitate to send an offer, even if it's below the list price. Work with an agent who can negotiate effectively for you. You don't have to settle for a 7% rate, ask the seller to buy down your rate and take advantage of the opportunities in this market. For sellers, patience is key. Inventory is still pretty low, less competition for your home. If a home in your neighborhood sells and yours hasn't, it's understandable to feel frustrated. But remember, buyers are selecting the home that best fits their needs in terms of layout, finishes, or lot size. Buyers are savvy, they know your home is for sale too. If you have a strong team and marketing plan but still aren't getting showings, the market may be telling you your price is too high. We're ready for the busy spring market to start! 🤩 Realtors, has the market picked up in your area? Krystal Diaz Agape Real Estate INC Real Estate Expert in AL, GA & FL 305-900-8245
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