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Sellers: Your House Could Be an Oasis for Buyers Seeking More Options

Sellers: Your House Could Be an Oasis for Buyers Seeking More Options

Florida Key sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category.

That same NAR data also shows today’s inventory of single-family homes is trailing behind the level we saw last year (see graph below):Sellers: Your House Could Be an Oasis for Buyers Seeking More Options | MyKCMBecause of the ongoing supply challenges, buyers can feel like they’re wandering across a vast, empty desert when searching for their next home. That means your house could provide an oasis for buyers thirsty for options – and it could increase the chances of buyers entering a bidding war for your home.

The latest Realtors Confidence Index Survey from NAR shows houses are receiving an average of 3.8 offers. A multiple-offer scenario lets you select the best offer and gives you incredible leverage when you sell this fall.

Bottom Line

Buyers today are looking for relief as they wander today’s inventory desert. Listing your house this fall – before more options appear – gives your house the best chance to be noticed by multiple buyers. Let’s connect today so your house can stand out as the oasis it truly is.

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Dive Report: Trash and Corals – A Killer Combo

This Week’s Dive Report

Conditions this week were, again, very nice! We had slight winds and sunny skies — perfect weather to find yourself topside on a dive boat in the Florida Keys.

On Saturday morning, Islamorada Dive Center participated in the “Shoreline Restoration Services” marine debris clean-up tournament. We teamed up with Coastal Realty of the Florida Keys to bring up a bounty of trash. This was enough for a second-place win!

Sadly, everything collected is a mere “drop in the bucket” when it comes to plastics and pollution in our oceans. The Ocean Conservancy estimates that 8 million metric tons of plastics from land enter our seas every year. That’s the equivalent of dumping one New York City garbage truck full of plastic into the ocean every minute of every day for the entire year — horrible! We can and must all work together to curb our plastic addition and our trash problem, for the future of our waters.

Team Coastal Realty of the Florida Keys took second place in the “Shoreline Restoration Services” marine debris clean-up tournament this past weekend.We followed up that excellent morning of trash removal by actively restoring our reef on I.CARE coral restoration dives. Corals need clean, unpolluted environments to thrive because trash can get wrapped around fragile coral colonies and abrade or break them. If the seafloor is covered in trash, it could get in the way of new baby corals trying to settle, or encourage growth of algae, which does the same.

Doing these activities on the same day really emphasized, for me, just how connected land and sea are, and how everything we do up here affects what goes on down there. Sometimes, that’s easy to forget, so it’s nice to find ways to reinforce those lessons. All-in-all, it was a full, beautiful and rewarding day of helping our local reefs.

Next Week’s Dive Report

Conditions for this entire month have been incredible, and this last week of September is no exception. Calm seas ahead, so call us and get on a dive boat before winter hits. I know, I know — Florida “winter,” but still.

Conservation Update

I.CARE continues to plant corals every Saturday. This past weekend, we planted over 70 corals. This upcoming Saturday, you can do the same with Key Dives in Islamorada.

Conservation Tip

When you clean up trash along the shoreline and when you encounter it in the ocean, you act as an ambassador of the planet.

I.CARE Tip 

Plastics, ghost fishing line and other trash in our oceans can damage fragile corals. Help by stopping as much trash and plastics as you can from entering our oceans, and removing what you find there!