It is a Summer slowdown in Real Estate, the summer slowdown is compounded by high interest rates and Very Hot Weather. Homes are selling but they are remaining on the market for an average of 150 plus days. Remember, Interest rates do not only affect the seller’s ability in Solivita to sell a home to a client but affect the buyer’s ability to sell their primary residence. It is a domino effect. My recommendation is to be patient, homes are selling, they are just taking a bit longer to move off the market. We were all a bit spoiled by the crazy market of a 18 months ago when inventory was tight, and homes were selling in days. These are the days for sellers to enjoy every Solivita Amenity, go to the pool, the gym, play golf, pickleball, visit with friends, enjoy the activities, and soon enough the perfect buyer will be at your doorstep with an offer.
