BREVARD MARKET WATCH: Home Sellers Holding Strong On Price Amid Coronavirus Response
By Bobby Freeman, Realtor // April 29, 2020
74% of real estate agents noted sellers are not dropping listing prices to attract buyers
BREVARD COUNTY, FLORIDA – With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors, results show that people selling their houses today are holding strong on price.
According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers.
“There is no need for a seller to reduce their asking price during this time,” said says Jennifer McCoy, Broker/Owner of McCoy-Freeman Real Estate serving Florida’s Space Coast.
“In fact, right now there are fewer homes on the market for sale which limits buyer choices.”
So, with buyer choices already limited, and more sellers removing listings today, if you’ve been thinking about listing your house, it’s a great time to do so.
Many others in your neighborhood may be waiting to make a move or removing their listings, so staying on the market – or jumping into it – could work to your advantage.
Buyers today are serious ones, and with prices holding steady in this low-inventory market, you can feel confident about selling today.
Embracing the process virtually, where available, could help your house hit the top of an eager buyer’s list. While your neighbors miss out on this opportunistic time, you don’t have to.
If buyer choices are limited in your neighborhood, selling now may help your listing rise to the top of the pool. Let’s connect today to make sure you have the expert help you need to succeed in the selling process.
ABOUT THE AUTHOR
Bobby Freeman, a lifetime resident of Brevard County, has been a top Realtor in the area for over two decades. In his first year as an agent, Freeman received a Rising Star award from his Brokers. Since then he has achieved numerous sales awards from some of the largest real estate firms in the world.
Freeman, Jennifer McCoy and Nikki McCoy-Freeman are family owners of the McCoy-Freeman Real Estate Group on Florida’s Space Coast. Together they have more than 40 years of extensive experience in all aspects of the real estate industry, have sold over $420 million and are ranked in the top 1% of all Florida Realtors.
Among McCoy-Freeman Group’s achievements are Certified Luxury Home Marketing Specialist (CLHMS), Certified Distressed Property Experts (CDPE), Accredited Buyer’s Representative (ABR) and voted Best Realtor in Brevard County. The group has been featured in many news publications including CNN Money Magazine, CNNMoney.com, WFTV 9 News, News 13, WKMG News 6, Coastal Condo Living Magazine, Hot Retirement Towns Magazine and SpaceCoastDaily.com.
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