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Florida Keys Home Market is Shifting

The market is shifting 💫
Expert insights from one of our top producers and Florida Keys Board of Realtors president, Claire Johnson.

I have good news for homeowners here in the Keys/Islamorada. For the last 2 years, there’s been an elephant in the room that no one wants to talk about. The hard truth is, any homeowner with a pulse knows (and has known) they could make a lot of money by selling their house.
But, the question no one had an answer for was, “Where do I go?”
For the last 2 years, it’s been HARD to be a buyer in this market. Really hard. Homes have been selling quickly at record prices.
Which means it’s been a great time to sell your home, but nearly impossible to find your next one.
But that is all changing now.
Buyers may not “feel” it yet, but as a full-time Realtor here in the Keys/Islamorada, I do. Because I am constantly seeing offers and writing offers on homes, I tend to sense these shifts before my clients do.
The market is shifting.
Homes are sitting a little longer.
Price reductions are happening.
This is really good news for buyers. Buyers actually have a much better chance of finding the home they want today than they did just 30 days ago.
But that’s also really good news for sellers, too.
Sellers have a much better chance of finding their next home now. In many cases, sellers can even make an offer contingent on selling their home — that was unheard of just a few months ago!
So the good news is: The elephant is gone. The market is shifting. And that’s actually a great thing.

Give me a call if you have any questions: (305) 731-4602.
– Claire