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Originally Posted by Topspinmo
IMO that would most houses everywhere all over United States. After the outrageous spike during dark Covid years, then interest hikes, and then flood of the market (especially here with south build glut) resale market has nowhere to go but down? When I got here those majority of those older homes ran around 100K plus, patio villas around 150k, and CYV’s around 200K, designers around 225K plus. I see market overpriced right now, expect 25% drop with flood houses on market with low buyers, and that’s most areas in Untied States. Prices effects premier homes less cause they have limited market and price range which takes out average retiree buyers.
There HUGH amount of resales on market right now and majority not moving. If you sold house in this market IMO consider yourself lucky….
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Yep. The market is correcting itself. Three houses on my street for sale, two directly across the road from me, and they've been sitting there for a while. Hardly anyone is showing up to look at them. Location has a big impact as well. Prices are still high in some areas but Florida is not one of them.
I wouldn't expect prices to rebound either, not for a long time. Luckily for me I bought my house up north in 2011 for dirt cheap, right at the end of the housing crisis. I sold it at the top of the market in 2023 came out with a lot of equity. If I would've just rented an apartment for two years when I moved down here in 2023, I could've bought low again. :/ oh well, two out of three ain't bad. If I decide to sell here I may have to eat some of that equity.