The real estate market is always evolving, and staying on top of current trends is key to making informed decisions. At Rivoli Realty, we continuously track market data to provide our clients with the most accurate and up-to-date information. Here’s a look at some key statistics and insights shaping the market today, from property values to buyer behavior.

Current Market Trends

The real estate market has seen notable shifts over the past few months, influenced by factors such as interest rates, economic conditions, and evolving buyer preferences. According to recent data from Rivoli Realty, the market is experiencing a slight cooling after a period of rapid growth. This shift is driven by higher mortgage rates, which have prompted many buyers to take a more cautious approach.

Despite these changes, demand for homes remains strong, particularly in desirable locations. Waterfront properties, luxury homes, and homes near golf courses are still commanding premium prices. Rivoli Realty has observed a steady increase in interest for properties that offer a blend of luxury and lifestyle amenities, including expansive outdoor spaces, private pools, and proximity to recreational activities.

Market Statistics: What You Need to Know

Here are some of the key statistics Rivoli Realty has tracked in recent months:

1. Home Prices: The average home price in the market has seen a moderate increase of 4-5% over the past year, reflecting steady demand despite fluctuating interest rates. High-end properties, especially those in sought-after neighborhoods, have seen an even larger price increase, with some areas seeing gains of up to 8%.
2. Inventory Levels: The number of homes available for sale has remained relatively low, contributing to a competitive market. In particular, homes in prime locations—such as those with water views or near golf courses—continue to see low inventory levels, making these properties highly sought after.
3. Days on Market: Homes are staying on the market for an average of 30 to 45 days, a slight increase from the previous year, which saw homes selling much faster due to the heightened demand. However, properties priced correctly are still selling quickly, sometimes in a matter of days.
4. Buyer Demographics: Rivoli Realty has noticed an interesting trend in buyer demographics. While first-time buyers continue to make up a significant portion of the market, there has been a noticeable increase in the number of empty-nesters and retirees seeking quieter, more spacious properties. These buyers are particularly interested in homes near golf courses and waterfronts for their serene environments and recreational opportunities.
5. Mortgage Rates: Mortgage rates have remained relatively high compared to historical averages, hovering around 6-7%. This has had an impact on buyer purchasing power and has led to a more balanced negotiation process between buyers and sellers. Rivoli Realty’s experts recommend consulting with financial advisors to understand the long-term effects of these rates before committing to a purchase.