Sellers are getting over asking price… Houses are staying on the market for 24-48 hours. There is very slim pickings for buyers looking for homes which is driving up the prices of the houses through the roof!
All up and down the Treasure Coast the market has been spiking, homes are selling above the listing price and more buyers many from out of state and more buyers are paying cash then ever before.
It’s not just here, the same dynamic is playing out all around Florida and in much of the rest of the country as low interest rates continue to surprise the market and also the COVID induced work remotely fro home 2020 shift in work and keep your kids home has worked in Florida’s favor and after all, if you can work from anywhere, why not work and live where the sun is always shining! With your everyday short Florida sun shower! And if you’re moving to Florida, the Treasure Coast’s an affordable option.
Surging prices are likely to eliminate an existing shortage of affordable housing. Inventory already is and continues to remains low; potential sellers realize that they might get a top dollar for their house, they’d have to turn around and buy another for an even higher dollar and in some cases just doesn’t make sense and nationally some economists are beginning to say that a bubble which is pretty much how the bursting of the last crash left the Treasure Coast of Florida, But until or unless it happens again, well, hold on because it seems to be aa wave. that is not. ending a anytime soon.