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Spring Forecast Residential Real Estate

Spring Forecast Residential Real EstateFrom all I read “out there,” it looks like Florida’s housing market is projected to do well this year. In contrast, CoreLogic economists forecast U.S. growth in home prices to drop by one percentage point as higher interest rates impact the mortgage market. This isn’t very good news.

However, this apparent “bad news” doesn’t apply to the state of Florida. Unlike many housing markets throughout the United States, Florida’s housing market is expected to do very well in 2019.

Current Residential Housing Stats Flagler County Florida

Following are actual numbers from realtor.com for recently sold homes in Flagler County, FL, as of March 8, 2019:

  • Median listing price — $199,900
  • Price per square foot — $137
  • Active recently sold homes — 2356
  • Average days spent on the market — 101

Trending Palm Coast Neighborhoods

Also, according to realtor.com, some of the hottest neighborhoods near Flagler County, FL are:

Palm Harbor, Pine Lakes, Indian Trails, Lehigh Woods, and Mantanza Woods. You may also be interested in recently sold homes in popular zip codes like Flagler Beach. You can find more info on these neighborhoods at my “Communities” page on my website.

Spring Forecast Residential Real Estate

So, it looks like 2019 is off to a great start! Homes are selling. The residential housing industry is moving along at a good pace, at least here in Florida!

According to Florida Realtors, “With current data showing that Florida is outpacing the nation in terms of home sales and employment growth, he (Florida Realtors Chief Economist Dr. Brad O’Connor) forecasts that 2019 should see about a 1 percent growth in home sales and maybe 3 to 4 percent price growth. That’s in contrast to the National Association of Realtors’ (NAR) forecast for home and condo sales to remain relatively flat in 2019.”

Final Words…

Spring is here and the real estate market is strong! Therefore, it’s the perfect time to decide if a new home is in you and your family’s future this year.

Contact me! We can make sense of your current situation and create a plan to find the perfect home for you in 2019.

I look forward to meeting you!

Dana Davis
Realty Exchange
Phone: (386) 569-4998