Happy Monday Morning !

Current Inventory is 16208 with 729 units selling, this number has been consistent the last 5 weeks. With the interest hike we should see more aggressive price drops to equal out the amount of homes sold per week.

When you got nothing to lose and your clients are willing to give you the opportunity to try different non traditional ways of selling in today's market.

We listed a home in Milton, 3 bed 4 bath single car garage detached. The neighborhood is already saturated with over 60 listings on the market and we crossed our fingers and listed this property at an amount that would cause bidding wars - $1M+. We had 5 offers registered within three days of listing it! With My sellers accepting $1,030,000 with 50k down payment firm deal and our winner who got their dream house.

Current changes in the posted Mortgage Rates

On the 3 year (5.24%) and 5 year (5.34%) fixed rates the difference is 10 basis points higher to prior the over night rate hike. The largest change was the 5 year variable that increased 105 basis points to 4.35%.

Bringing the whole family down to Estero and having them assimilate into the area I have to grade my experience and the future potential a 10 out of 10.