The Walton County Florida MLS shows real time results of the real estate options for sale. But, how do you know when to make a move?
Savvy investors look at economic indicators such as home prices and long-term demand to determine the best time to buy real estate. The national median sales price for existing single-family homes in May 2010 was $179,400, up 2.7 percent from the previous year, according to the National Association of Realtors (NAR). Rising prices are a good sign that the demand for homes is increasing. It also means that bargain inventory listed in the Walton County Florida MLS is more apt to be purchased quickly.
While home prices remain low as seen by doing a search in the Walton County Florida MLS, they are no longer free falling. If you've been holding off on a real estate purchase, glimmers of a turnaround in the housing market may make this a good time to make your move.
Even though the Deepwater Horizon oil spill has recently taken a toll on consumer confidence in the Florida real estate market, long-term economic trends continue to favor Florida. Census data shows that Florida has been one of the 10 fastest growing states in the U.S. for the past seven decades, often ranking in the top four as a long-term grown state. And, the rate of unemployment statewide has declined for the third month, down from a record 12.3 percent in March to 11.4 percent in June 2010.
A search for homes and property in the Walton County MLS shows a variety of pricing and style options throughout Defuniak Springs, Freeport and Paxton. But, no matter where you are in your decision-making process, it doesn't capture the unsurpassed lifestyle that brings people to Florida in the first place. Beautiful beaches, business benefits like no state income tax, and plenty of recreational outlets are just a few of the perks in the Sunshine State. Knowing the best time to buy only adds to the benefits of purchasing real estate in Florida.
Bruce Naylor is the owner of Naylor Realty & Associates in Walton County. With over 20 years of experience in real estate, Naylor Realty & Associates provide quality Walton County MLS resources. Bruce is also a former Director of The Emerald Coast Association of Realtors and currently serves on the ECAR grievance committee. Bruce is a licensed Florida and Alabama Real Estate Broker and Florida Mortgage Broker.