For Buyers Only Realty

  • Home
  • City Search
    • St Augustine
    • Anastasia Island
    • Vilano Beach
    • Saint Johns
    • Ponte Vedra/Nocatee
    • Ponte Vedra Beach
  • Neighborhoods
    • St Augustine
      • St Augustine NW 32092
        • SilverLeaf
        • SR 16 or Pacetti Road Area
          • Arbor Mill
          • Wards Creek at Arbor Mill
          • Ashley Oaks
          • Gran Lake
          • Grand Oaks
          • Murabella
          • Park Place
          • Trailmark
          • Samara Lakes
          • Sevilla
          • Tomoka Pines
          • Windward Ranch
        • 210 Corridor
          • Johns Creek
          • Shearwater
          • St Johns Golf and Country Club
          • Stonehurst
        • World Golf Village
          • Isles of The World in World Golf Village
          • Cottages at Glenmoor in World Golf Village
          • Greenside at World Golf Village
          • King and Bear in World Golf Village
          • Legacy Trail in World Golf Village
        • Near The River on SR 13
          • Heritage Landing
          • Colee Cove Landing
          • Riverdale
      • St Augustine NE 32095
        • Bannon Lakes
        • Beacon Lake
        • Chasewood
        • Coastal Village
        • Creekside At Twin Creeks
        • Istoria
        • Las Calinas
        • Madeira
        • Markland
        • Palencia
        • Sandy Creek
      • St Augustine South 32086
        • A-K
          • Andalusia
          • Arbors at Valencia
          • Ashby Landing
          • Castine Cove
          • Coronado
          • Crescent Key
          • Deerfield Meadows
          • Deerfield Preserve
          • Entrada
          • Heartwood
          • Governors Plantation
          • Kings Trace
        • L-Z
          • Lakewood Pointe
          • Moses Creek
          • Moultrie Woods
          • Oakbrook
          • Rock Springs Farms
          • Sawmill Landing
          • San Savino
          • St Augustine Shores
          • Sea Pines
          • Treaty Oaks
          • Villages of Valencia
        • Townhomes and Condos
          • Cypress Bay Townhomes
          • Grand Ravine Condos
      • St Augustine Central 32084
        • Coquina Ridge
        • Heritage Park
        • Olde Florida
        • Old Sebastian Point
        • Prairie Lakes
        • Royal St Augustine
        • San Salito
        • Sebastian Cove
        • Villa Calissa Harbour Residences
      • Active Adult 55+
        • Bridge Bay At Bannon Lakes
        • San Salito Freedom
        • Parkland Preserve
        • Villages of Seloy
        • Cascades in World Golf Village
        • Reverie at Trailmark
    • Saint Johns 32259
      • A – L
        • Aberdeen
        • Bartram Plantation
        • Bayside
        • Beachwalk
        • Celestina
        • Cimarrone
        • The Colony At Greenbriar
        • Cunningham Creek
        • Durbin Creek Estates
        • Durbin Crossing
        • Julington Creek
        • Julington Lakes
      • M – Z
        • Magnolia Preserve
        • Mill Creek Plantation
        • Oak Harbour
        • Oxford Estates
        • Preserve at St Johns
        • Reserve At Greenbriar
        • River Oaks
        • Rivertown
        • Riverside At Rivertown
        • St Johns Forest
        • Stone Creek
        • Whitelock Farms
        • Worthington Park
      • Active Adult 55+
        • WaterSong at RiverTown
    • Nocatee/ Ponte Vedra
      • Twenty Mile
        • Twenty Mile Village
        • The Island
        • The Colony
        • The Crossing
        • The Hammock
        • The Ranch
        • The Junction
        • The Outlook
        • The Pointe
        • The Settlement
        • The Vista
      • Town Center
        • Addison Park
        • Siena
        • Lakeside
        • The Enclave
        • Daniel Park
      • Crosswater Village
        • Heritage Trace
        • Liberty Cove
        • Freedom Landing
        • Pioneer Village
      • Greenleaf
        • Greenleaf Village
        • Greenleaf Lakes
        • Greenleaf Preserve
      • Coastal Oaks
      • Active Adult 55+
        • Artisan Lakes
        • The Villas
        • Del Webb Ponte Vedra SFH
        • Del Webb Ponte Vedra (Condos)
        • Del Webb Nocatee
      • Duval County
        • Cypress Trails
        • The Palms
        • Timberland Ridge
      • Townhomes
        • Oakwood at Nocatee
        • The Palms Townhomes
        • Tidewater
      • Austin Park
      • Brookwood
      • Kelly Pointe
      • Willowcove
    • Anastasia Island
      • West of A1A
        • Gated
          • Casa Bay
          • Espanita
          • Island Cottages
          • Lions Gate Patio Homes
          • Marsh Creek Golf and Country Club
          • Matanzas Cut
          • Ocean Cay
          • Ocean Palms
          • Ocean Trace
          • Pelican Reef
          • Seagate Patio Homes
        • Non-gated
          • Anastasia Lakes
          • Davis Shores
          • Antigua
          • Cedar Ridge Patio Homes
          • Commodores Club
          • Ocean Grove
          • SeaGrove
          • Sea View
      • East of A1A
        • Gated
          • Anastasia Dunes
          • Island Hammock
          • Ocean Ridge
          • Summer Island
        • Non-gated
          • Coquina Gables
          • Magnolia Dunes
          • Cortez On The Water
      • St Augustine Beach
      • Butler Beach
      • Treasure Beach
      • Crescent Beach
    • Ponte Vedra Beach 32082
      • Golf Communities
        • Marsh Landing Country Club
        • Plantation At Ponte Vedra
        • Sawgrass
      • Eagles Cove
      • Estates at Dolphin Cove
      • Eventide
      • The Palms At Old Ponte Vedra
      • Preserve At Ponte Vedra Lakes
      • Plantation Oaks
      • Avalon
      • East Coast Canal
      • Odoms Mill
    • South Ponte Vedra Beach
      • Goodwin Beach
      • Oceans Edge
      • Isla Verde Beach
      • Guana Landing
    • Vilano Beach
      • Surfside
      • Turtle Shores
      • Villages of Vilano
    • 3+ Car Garage Homes
    • Pool Homes
  • NEW CONSTRUCTION
    • New Construction Search
    • New Construction Map Search
    • Don’t Fill Out That Registration Card!
  • >> Read This First <<
  • EZ Searches
    • Just Listed!
      • Just Listed In Last 24 Hours – St Johns County
      • Just Listed This Week In Ponte Vedra/Nocatee
      • Just Listed This Week In St Johns Florida
      • Just Listed This Week In St Augustine
      • Just Listed This Week in Ponte Vedra Beach
    • Search By Price
    • Search By Zip Code
    • New Construction Map Search
    • 3+ Car Garage Homes
    • Pool Homes
    • Golf Course Homes
    • Active Adult Communities
    • Luxury Homes
    • Map Search
    • Advanced Search
    • Get Property Alerts
  • Blogs
    • Blog
    • YouTube Channel
  • Resources
    • Relocation
    • First Time Homebuyer Course
    • Flood Zone Locator
    • Property Appraiser
    • Tax Estimator
    • School Attendance Zone Locator
    • St Johns County Schools
    • School Grades
  • Reviews
    • Zillow Reviews
    • Google Reviews
  • About Us
    • Meet Sharon and Dwight
    • The Biggest Mistake Most Home Buyers Make
    • YouTube Channel
    • Don’t Call The Sellers Realtor!
  • Contact
  • 904-687-5220

Nocatee

Saint Johns

St Augustine

Ponte Vedra Beach

Are We About to Enter a Buyers’ Market?

October 20, 2018 By For Buyers Only Realty St Augustine

Are We About to Enter a Buyers’ Market? | MyKCM

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?

The market has definitely softened. However, according to two chief economists in the industry, we are a long way from a market that totally favors the purchaser:

Dr. Svenja Gudell, Zillow Chief Economist:

“These seller challenges don’t indicate we’re suddenly in a buyers’ market – we don’t expect market conditions to shift decidedly in favor of buyers until 2020 or later. But buyers certainly are starting to balk at the rapid rise in prices and home values are starting to grow at a less frenetic pace.”

Danielle Hale, Chief Economist of realtor.com:

“The signs are pointing to a market that’s shifting toward buyers. But, in most places, we’re still a long way from a full reversal.”

In addition, Pulsenomics Inc. recently surveyed over one hundred economists, real estate experts, and investment & market strategists and asked this question:

“When do you expect U.S. housing market conditions to shift decidedly in favor of homebuyers?”

Only 5% said the market has already shifted. Here are the rest of the survey results:

Are We About to Enter a Buyers’ Market? | MyKCM

Bottom Line

The market is beginning to normalize but that doesn’t mean we will quickly shift to a market favoring the buyer. We believe Ivy Zelman, author of the well-respected ‘Z’ Report, best explained the current confusion:

“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory…we expect significant debate about whether this is a bullish or bearish sign.

In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.”

Whether buying your first home or your fifth, having a buyer’s agent who is an expert in their market on your side is your best bet to make sure the process goes smoothly. Let’s talk about how we can make your dreams of homeownership a reality here in St Johns County Florida (serving St Augustine, Nocatee and Ponte Vedra, Ponte Vedra Beach and St Johns)!

Give us a call today and we will be happy to put you on the track of a new home here in St Augustine, St Johns, Nocatee or Ponte Vedra. For Buyers Only Realty is the oldest and most respected Exclusive Buyer’s Agents in Northeast Florida. 100% Buyer Representation at no cost to you! We are the Wife-Husband team of Dedicated Buyer’s Agents!

Call Sharon Stevens at 904-687-5220 or Dwight Cole at 904-466-4630

Filed Under: Real Estate Market

Recent Posts

  • St Johns County Building Going Strong Despite COVID-19; 4/13/20
  • Rock Springs Farm; a new community in Southern St Johns County 4/11/20
  • A Local Real Estate Update as it relates to COVID-19 Concerns 4/5/20
  • Deadline Approaches To File For Your Homestead Exemption!
  • 2/22/19 The Ella Coastal by Mattamy Homes at Beacon Lake
  • 2/15/19 The Salinas by Riverside Homes in Madeira
  • Panama Hatties Is Rising Like A Phoenix!
  • 2/9/19 Have A Large Family? A Beautiful 5BR/4Bath Home In Shearwater!
  • The Top 10 Things You Need To Know Before Purchasing Your New Home
  • 2/2/19 A Charming Little Home On The Water in Villages of Valencia

Categories

  • Builder Inventory Home
  • Buyer's Agent
  • Fun Stuff Around Town
  • New Construction
  • Nocatee and Ponte Vedra
  • Real Estate Market
  • Reviews
  • St Augustine
  • St Johns
  • The Home Buying Process
  • Uncategorized
  *    *  246 Pescado Drive, St Augustine, FL 32095  *  Ph: +1-904-687-5220  *  email [email protected]
IDX Logo Property information is not guaranteed. © {{{current_year}}} MLS and FBS. Prepared by Northeast Florida MLS, Inc. on {{{last_update_dt}}} 12:00AM. The information on this sheet has been made available by the MLS and may not be the listing of the provider.
IDX information provided courtesy of the St. Augustine & St. Johns County Multiple Listing Services, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
Listing Data last updated: 27th February, 2021 19:00 MST
Service by Buying Buddy IDX CRM
Equal Housing
Blue Fire Group    Real Estate Websites
© 2021 Copyright
LAC
My Buying Buddy    Powered By MyBuyingBuddy ®