Due to the improvement in market conditions and higher consumer confidence, Realtor.com research finds that two factors will drive housing sales in 2024’s relative affordability in the Midwest and Northeast and the 2023 dip in western home prices. Areas like Oxnard, Riverside, Bakersfield, San Diego, and Sacramento in California; Las Vegas, Nevada; Toledo, Ohio; and Springfield, Massachusetts could get double-digit sales growth in 2024. Toledo, for example, offers housing 51% below the national median with low unemployment.
These improvements should encourage more homebuyers to make the leap to homeownership. Locally, my vendor contacts tell me that after a softer than usual March and April, they are seeing a resurgence in pending home sales. This comes from my lender and attorney contacts who work with many different real estate agents. I have seen a trend of price drops on Saint Simons in the under $700k on resale homes. Inventory drifted upwards, a trend that may continue.
Have a question? Just ask me, your Berkshire Hathaway HomeServices Forever Agent to update you on the latest local real estate market conditions.
Jeffery Williams Associate Broker
Berkshire Hathaway HomeServices
520 Ocean Blvd, St. Simons Island, GA 31522
Ofc: 912-291-3428
https://jefferywilliams.
https://linktr.ee/jeff_
Designations & Specialties
Associate Broker License
Resort & Second Homes Market Specialist®
Military Relocation Professional®
rCertified® Relocation Specialist
eCertified® The Next Generation
Brookfield GRS Broker Certification
Certified Red Book Contracts Specialist®
BHHS eTeam Member
BHHS Spanish Speaking Team
Verified Rocket Homes® Agent
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