Posts in category 'Buyer Seller Education'
Lighthouse Views & Home News: The Ponce Inlet Property Blog
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July
1
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A Buyer's Market on the Peninsula: What 8 Months of Inventory Really Means for You
If you've been keeping an eye on Ponce Inlet real estate, you may have heard the phrase "buyer's market" tossed around lately. It's true—and it's good news if you're thinking about making a move here. But "buyer's market" can feel like industry shorthand that doesn't really tell you what to do with the information.
So let's slow down and translate. Two numbers are doing most of the talking right now on the peninsula: roughly eight months of inventory and around 95 days on market. Once you understand what those actually mean, you'll see why buyers have more room to negotiate today than they've had in years—and how to use it.
First, what is "months of supply"?...
April
8
8
Why April Is the Sweet Spot for Buyers
Market Snapshot:
- 77 avg. days on market in Volusia County (up from 59 two years ago)
- 8–9% below asking price — Ponce Inlet average sale
- 6% range — 30-year fixed mortgage rate
or the past three years, buying a home in Volusia County felt like participating in a contact sport. Multiple offers. Waived inspections. Bids $20,000 over asking — sight unseen. If you were a buyer, the market simply wasn't on your side.
That...