Florida price reductions in perspective
Are sellers too optimistic?
As of this writing there are 59,862 properties for sale in the Mid Florida Regional MLS. Many of these sellers and their agents are way too optimistic when listing their property. The question is are we able to see to what extend the optimism flourish? Yes, absolutely. When we look in the entire (MFR) MLS we see as of today that 10,156 had a price reduction over the last 30 days. That’s 17% of the property owners who realized that they had to reduce their price to be able to attract buyers.