Well at this point it looks like we are back on trend and that the Jul and Aug stats were an anomaly rather than a change in the trend. Personally, when driving around different areas, I can see more for sale signs. I also can see that the speed with which sales are occurring is not nearly as hectic as it was several months ago. This can be part of the typical seasonal changes between the Spring season and Fall season, or it could be the beginning of a change in the market trend. We’ll only know by continuing to watch over time to see what happens with sales and inventory. For now, I think we are just experiencing normal seasonal ups and downs – but check back next month to see if anything changes about that.
Meanwhile, here are the 2 graphs that show what I’m describing:
(Information for the charts was taken from PRO/Suncoast MLS from Jan 2007 thru May 2011 & from the MFRMLS for May 2011 thru September 2016. This information may or may not include all listed expired, withdrawn, pending or sold properties of one or more members of the My Florida Regional Multiple Listing Service.)