It is a seller’s market for Gulf Coast real estate! Despite feverish development, the Gulf Coast has not seen an inventory shortage like this since 2005. “Interest rates are dropping, and we are seeing an increase in the number of people applying for home loans – both are positive signs for this coming summer. This means home prices are also near all-time highs,” says Tonya Zimmern, Northwest Florida Realtor® and leader of The Tonya Zimmern Team at Keller Williams Gulf Coast Realty.
“A seller’s market is the ideal time to sell your home; it is the best time to command a sale price greater than the listing price. It also stands to reason that the shortage in housing inventory could decrease the amount of time your home spends on the market,” continues Zimmern. “I have a substantial database of people ready to buy; however, the area just doesn’t have the inventory to satisfy demand.” Historically, low inventory, and – at the time this article was written – a healthy economy, low-interest rates are predictive of an extremely competitive homebuying season.
Although home building activities are on the rise, developers and builders are unable to keep up with demand. The rental market is just as competitive. With the inflow of military expected to grace our coast within the next few months, incoming families are taking to social media in search of homeowners with plans – even tentative plans – to relocate.
With more than 22 years in the Gulf Coast Real Estate industry, Tonya Zimmern is one of the highest-rated, most award-winning Realtor’s in NWFL. As a Gulf Coast native, she is an active member of the community and continuously remains on top of trends affecting the real estate market. As an expert in the Gulf Coast real estate market, Tonya Zimmern aspires to not only place her clients in the right home but command the best price, whether buying or selling.
TONYA ZIMMERN, NORTHWEST FLORIDA REALTOR®
Tonya Zimmern Team powered by Keller Williams Gulf Coast Realty