Wed Feb 19 2020
Destin is moving to a buyer’s market. This week in Destin real estate, the median list price for Destin, FL 32541 is $939,000 with the market action index hovering around 29. This is about the same as last month’s market action index of 29. Inventory has held steady at or around 211. Click here
Market Action Index
- Slight Buyer’s Advantage
In terms of Destin’s supply and demand, the market is getting cooler – more supply is coming into the Destin market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market in Destin, this price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past in the Destin market.
Wed Feb 19 2020
This week the median list price for Destin, FL 32541 is $499,000 with the market action index hovering around 28. This is an increase over last month’s market action index of 27. Inventory has held steady at or around 323.
Market Action Index
- Slight Buyer’s Advantage
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
So things are tilting towards the buyer in Destin at this time, Destin is moving towards a buyer’s market. Check back next week for an update!
