Here’s how much median home prices shot up since 2019: Via ForbesAdvisor
According to data from the National Association of Realtors, the metro area with the highest growth in YOY median sales price from 2019 to 2021 was Naples-Immokalee-Marco Island in Southwest Florida. Although the area is home to just under 400,000 residents, the population has been steadily increasing over the past two decades.
In fact, Lefevre―who’s been selling real estate in Naples for almost two decades―says there’s so much action in the local real estate market, not only is cash king, it’s often the only deal sellers will take. Not only are higher prices turning heads, but the type of buyers is also a departure from times past.
Unless you stumble upon a pocket listing—a home that hasn’t hit the market—or a family member or friend who isn’t looking to squeeze every penny they can from their property, then you’re going to be at the mercy of the seller.. In other words, you’ll forgo all of the contractual agreements meant to protect you and risk losing your earnest money. Or in other cases, like the Naples market, sellers are trending toward all-cash offers.
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