06/04/2026
✨ MAY MARKET UPDATE✨
🔥 🥵 It’s getting SPICY! 🌶️ 💃🏼
📉In Q1 (Jan-Mar), we saw mortgage rates dip below the 5 year record in to the mid-to-low 5.X% range. Buyers surged the market and leapt on their opportunity to become homeowners.
At the beginning of Q2 which started in April, uncertainty in the realm of finance and politics impacted the housing market, causing rates to quickly return to the mid 6.X% range, where they sit currently.
BUT here’s the thing…
Buyers didn’t back down from the market! They’re still coming through, as is evident by another drop in inventory from last month’s update. 💪🏼
The rest is simple math. 🧮
⬆️ More Buyers + ⬇️ Less Inventory =
🏆Higher Average Sales Prices 🏆
🧲 SELLERS: Your pricing strategy should be attracting, not chasing. Consider pricing closer to market value and let the competition do the work for you.
⚖️ BUYERS: Good deals can be made without drastically altering purchase price. In this market, there could be more benefit from a close-to-asking offer than lowballing and hoping you’ll overcome competing buyers.
Still curious how these numbers affect you? Give me a call, and I can catch you up
👇👇👇👇👇👇
Logan Clifton - Florida Realtor
📲 321.615.1385
📧 [email protected]
Blue Marlin Real Estate