The real estate market is always going up and down. But the past couple of years have been a hard time for this world. After all, the global economy had some issues for a while. Thankfully, things are turning around for homeowners, real estate agents and sellers of all types. Today, there are increased sales and a decrease in inventory, which suggests the housing market is on an upward swing. Rosemary Beach, Fla., is living proof that the real estate market is not even close to dead.
Real estate inventory in the Rosemary Beach area significantly dipped in January. It peaked at 107 in June 2009. In December 2010, there were only 66 homes actively listed in the area. This is 38 percent less than the peak number. Such low inventory stock levels haven’t been reported since the closing of 2005. But this signals a major positive for the Rosemary Beach area. Inventory levels are low because homes are selling.
Increased property sales have decreased the available inventory. This is important to the Rosemary Beach area. In 2010, with inventory decreasing, the Florida area saw 38 homes sell, a second best to 2004. In 2009, sales were up 100 percent. Not only this, but the median price for Rosemary Beach homes for sale increased in 2010. Thus, homes at all ends of the spectrum are currently selling very well.
The real estate market certainly has struggled, but it is coming back strongly in the Rosemary Beach area. Homes are quickly listed and sold, which suggests that the higher end of the real estate market has found some footing. The number of sales and declining inventory suggests that such figures will keep climbing. This is great news for people who want to unload their property in this area.
Forget the economic spiral of the past few years. Rosemary Beach shows the world that things are looking up. Not only are houses selling, but the average price for such sales is increasing, which suggests that the higher end of the scale is certainly climbing. This is great news for financial organizations of all types.