Tallahassee realtors and consumers are reporting the hottest real estate market in their sales lifetimes. Estimates of a 20-25% spike in sales, mortgage rates in the 3% range and the shortage of material to complete new homes combine with the optimism of a rebounding economy and we have the ultimate sellers market.
We’ve all heard the stories. Buyer makes a fair offer above asking price, only to find twenty or thirty even higher offers. Go back to the drawing board, repeat.
The frustration may not abate soon, with experts not expecting Florida market corrections until this fall at earliest.
– David Johnson, DJGroup