Lately, I've been getting this one, well, almost prodding, question about home sales in Poinciana. It's been, "Have we hit rock bottom yet?"
My response has been digitized in my brain while giving the same answer to everyone who asks, "Yes," I begin, "We're getting closer," then pause, "to be sure," then one last look before I reveal the verdict, "but not today." This week, however, I found myself done with this sort of response. With 2008 around the corner and March just three months away, it is in my professional opinion that we've finally hit the trend creating the foundation of our real estate bottom, an "absorption rate" that's calmly remained below 5% . . . all year.
Since April 2005, when our market began its current downward trend, I've been saying that the market needed to reach a "low plateau," a.k.a., rock bottom, before we'd see it rise again, and 2007 . . . all of it in fact . . . was rock bottom. While I cannot give you all the research that went into my current prediction, I can say that I've been accurate in my real estate predictions for as long as I've lived in the area, which seems forever these days. But enough with 2007, my prediction for 2008 is that sales will begin looking more normal.
Now don't mix "looking normal" with "actual normal," the latter which you can look forward to in 2009. For those considering listing a home to sell in Poinciana: you'll be able sell in 2008, but only by working with either an Internet-savvy realtor or one who sells exclusively to naïve buyers, not many of those left in these parts. Or, your best option: Wait until 2009, preferably after the U.S. presidential inauguration, to list your home for sale.
For those interested in moving to Florida, Poinciana currently offers the best prices in the Orlando metropolitan area.
Chart source: OSCAR. iphone,badoo,facebook,dailymotion,webkinz,youtube,ebuddy,second life,hi5,club penguin,jeanne carmen
