Real Estate is a Hedge Against Inflation.
Look at the chart below. Properties don’t sell this fast unless the demand exceeds the supply. The normal marketing time today is a week or less. To change the market, buyers need to say no and let inventory settle and grow; then, sellers will fight it out by pricing down adjustments. We are not anywhere near a change like that in the market. In fact, in the past two weeks, demand for Real Estate has picked up even more—making the sellers’ market stronger.
Winter is here. Look for more goodbyes soon. When you can work from anywhere, you can live anywhere. That fact opens the playing board for Florida. High-tax states and states with other issues are losing to Florida, which means we receive new residents daily. NYC has lost half a million people since the pandemic started.
There are headwinds of higher interest rates and uncertain economic conditions. However, I’ll leave you with my prediction: I say the market stays strong in SW Florida. We will scramble to get inventory and may not beat 2021, but the buyers will exceed the sellers driving up prices 20% this year!
You heard it here.
What is your prediction?