Is the Sky Really Falling in Florida Real Estate? | Adrian Waring

Hey there, it's Adrian Waring from Priceless Realty in Cape Coral, Florida. In this video, I'll be addressing some common misconceptions circulating on social media and KZbin about the real estate market in Florida, particularly in our region. Contrary to the rumors, the situation here is not as dire as some might claim.
With over 25 years of experience in this market, I've seen it all, and I'm here to give you the real scoop. Despite what you may have heard, the current increase in the number of homes for sale doesn't mean that the sky is falling. In fact, let me show you the data and explain why.
Throughout the video, I'll provide a detailed analysis of the real estate trends in Cape Coral, highlighting the recent changes in inventory, median sale prices, and more. I'll take you through the numbers, explaining how factors like population growth, construction rates, and market fluctuations impact the current situation.
So, if you're curious about what's really happening in the Florida real estate market, stick around, because I'm about to break it all down for you. Don't forget to like, share, and subscribe for more insider updates on the housing market. Let's dive in!
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[@dmimcg]

I am so glad i don't live in Florida. I live in a private community in Illinois with our own private lake and 18 hole golf course. HOA fees are $250 a month. #Galena IL

[@capecoralrealtor]

To each his own,I would not like to live in Illinois because of the winters and prefer FL because of that,plus I can go out fishing and boating as much as I want at all times of the year.Enjoy your areas as I am sure you do and I enjoy mine too

[@marksweeney5237]

*Its just getting started first Idaho, then Texas and Arizonia and now Floridia ..... here in upper NorCal inventory is up 87% YOY up 11% MOM* *Price reduction in our county make up 31% of the market......... not the time to buy* *Rates will remain closer to the 30-year average of 7.76% since 1971 and within that average rate we had never in this nation's history 30 year* *rates below 3%*

[@michelleg1076]

Florida is going down!

[@michelleg1076]

Denial!

[@capecoralrealtor]

I agree prices are dropping and I acknowledge that here,but its certainly not dead and people will always continue to buy.The number of home listed now is what we have typically seen pre-covid but prices are much higher so which creates an affordability issue.