Real Estate Florida Keys

Florida Keys Market Condition, Call to Get a Copy 305-395-0814

Posted: May 02, 2019 by Lela Ashkarian

Here are some key takeaways concerning the first quarter of 2019: We started this year with higher interest rates which were scheduled to increase to over 5%, coupled with predictions for a national recession. As a consequence, we experienced fewer sales and more sellers put their properties on the market. Starting in March, interest rates declined and subsequent jobs report numbers dispelled the “recession” talk and the market began to recover. After a very slow start in January and February, March sales rebounded reducing the deficit for the quarter. Going forward, there continue to be signs of caution with more sellers having to reduce prices and expectations to attract buyers. Older pre-FIRM homes with higher flood insurance premiums (which will continue to increase) are seeing fewer buyers while elevated homes with lower premiums are
preferred. We can understand this market by careful study of the inventory which we are closely watching. More sellers always mean fewer buyers. Keys-wide Comparison of Q1 2019 vs Q1 2018 

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305-395-0814 cell/txt 

Lela Ashkarian, PA, ABR, CRS, GRI, e-PRO
Coldwell Banker Schmitt Real Estate

International President's Elite
11050 Overseas Highway, 
Marathon, Fl 33050 
Land Line: 305-289-6492, 


One Nation Under God

The Instruction you follow, Determines the Future you create. M&M  



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