Mixed Signals From The Media On The Market -
Who Should You Trust?
(Answer: Your Local Real Estate Expert)
Published on September 20,2023 by Chris Thompson
I just read a very insightful article today from FAR (Florida Association of Realtors) that tries to explain the very unique and weird market we are currently in – both here in Florida and across the U.S. This article explains that headlines across the nation seem to be all over the place – Good Market to Buy/Sell, Bad Market to Buy/Sell, Prices are falling, Prices are rising, Lowest … Highest… Ever!. The article explains that each article is basically touting statistics that are all right… and they are mostly talking about different metrics. For example: Median Sales Price is different from Average Sales Price.
Let me break this down for you in very easy terms: I tell my clients every single day: Don’t trust the headlines. They are designed to get an emotional response out of you – that is it. They are not designed to HELP YOU. Here is the bottom line from your local real estate expert (Team Thompson): We are in a ‘transaction crash’ currently. That is all. Year over year we are seeing far fewer homes selling than last year. Why?
Simple, if you need to sell… Sell. If you need to buy… Buy.
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