Destin, FL home prices and housing market

In Destin, the typical home now sits on the market for about a hundred and sixteen days before it sells. That is almost four months, and it tells you nearly everything about this market right now. The typical Destin home is worth about six hundred fifteen thousand dollars, up just one point four percent over the past year, which is basically flat. Meanwhile, there are about six hundred seventy homes for sale, and only about eighty four new listings came on in the past month. Here is the catch. Sellers are still asking a median of about six hundred thirty nine thousand dollars, well above what homes are actually worth, so nearly one in five listings has already taken a price cut. The story here is not falling prices, it is stale listings. If you are selling, price at or just under real market value from day one, because an ambitious asking price in this market buys you months of sitting and then a cut anyway. Find out what your Destin home is worth today with a free estimate at Home Value Pros dot com.