In the real estate market, springtime is the busiest time of the year for home sales. Given this year’s stable economy and low unemployment rate, the spring of 2018 has the potential to be particularly active, especially in certain promising markets, such as Florida. USA Today recently listed Florida in the top three housing markets likely to get stronger in 2018. It remains one of the best places to invest, as the sunshine state is a perennially popular destination for tourists and permanent residents alike. Warm weather, reasonable cost of living, employment opportunities and a high quality of life are the main attractions in Florida.
A perfect blend of supply and demand along with other economic factors is making Florida an excellent bet for real estate right now, the housing market reported more closed sales, more new listings and higher median prices in February, even as available inventory remained tight, according to the latest data released.
“Florida’s economy continues to grow, with more jobs being created – the state’s unemployment rate was 3.9% in January,” said 2018 Florida Realtors President Christine Hansen, broker-owner with Century 21 Hansen Realty in Fort Lauderdale. “A strong economy is good for Florida’s housing market.” February marked 74 months-in-a-row that the statewide median sales prices for both single-family homes and townhouse-condo properties rose.
Cities such as Miami, Panama City, Orlando, Fort Lauderdale, and Boca Raton offer enticing real estate investments for buyers across North America. Florida home prices are surprisingly reasonable, particularly in the Panhandle area. The Florida Panhandle offers a wide variety of communities and home styles at various price points. From luxury condos, to modern bungalows, to traditional family homes, it is easy to find your “just right”. Imagine walking the beaches, visiting chic or funky boutiques, eating fresh seafood, and never having to shovel snow. For a lot of buyers, that’s a compelling proposition.
If you are new to the Florida real estate market or if you are a Florida homeowner interested in upgrading or downsizing, Setco offers customized closing services to meet your title needs. You will have a dedicated professional by your side throughout the process, with optimized communication and the power of modern technology harnessed to make the process as streamlined and convenient as possible while keeping your information secure. Click below to see the benefits of working with Setco Services and to find out how we can assist you with multiple offices along the beautiful Emerald Coast.