Destin, FL housing market

Ninety days. That is how long the typical Destin home is sitting on the market right now, and that one number tells you most of what you need to know. Buyers have time, and they are using it. There are about 710 homes for sale as of June, a deep pool of choices, while only about 128 new listings came on. Meanwhile sellers are still aiming high. The median asking price is around six hundred forty-four thousand dollars, well above the typical home value of about six hundred nineteen thousand dollars, and that value has barely moved, up just 0.2 percent over the past year. When asking prices outrun what homes are actually worth, something has to give, and it is. Nearly one in five listings has already taken a price cut. So here is the read. This is not a falling market, it is a stalled one. Values are holding, but only for homes priced right from day one. If you are selling, price to today's value, not last year's hope, or you will sit for three months and cut anyway.