The Secret Season is upon us and possibly the best opportunity for sellers and buyers. What is the secret season? According to Drayton Saunders, President, it is right now – the time before listing season begins across our region.
The third quarter of 2021 proved we are in a seller’s market and offers a positive outlook for the rest of Q4 and 2022. By taking advantage of the current market climate, sellers can benefit from the minimum inventory and appeal to buyers; and buyers can look for the home they want while still locking in low mortgage rates before season makes the market more competitive.
Read the complete General Market Report here
Read the Luxury Market Report here
Across our region
Once again, we remained the unrivaled market leader throughout Sarasota, Manatee and Charlotte counties. Michael Saunders & Company sales associates continued to deliver exceptional experiences to customers and provided expert support for all their real estate needs. We assisted in numerous benchmark sales from July through September, as well as brought significant high-net-worth properties to market.
Historically, September along the Southwest Florida Gulf Coast is generally the slowest month of the year. September 2020 was an anomaly as selling and buying intensified whereas September 2021 continued to move at a brisk pace and we returned to a more familiar pattern comparable to September 2019.
Markets are appreciating, but at a slower pace than previously experienced. This is great news for both buyers and sellers as it creates more stabilization. Buyers can more easily maneuver price increases and sellers can still achieve the best value for their property.
The results from Q3 give us an opportunity to predict what is to come when we embark on Season continuing through Q4 and heading into 2022. We will most likely experience an increase in market pressure as more sellers list and more buyers from outside markets migrate to the Suncoast.
You may also enjoy