The Destin Real Estate Market has stabilized this summer and we’re experiencing a return to more traditional market conditions for buyers and sellers. Looking back at the past two years, we can confidently say that the Emerald Coast experienced a real estate feeding-frenzy. In 2021 and 2022, we saw a surge in real estate activity in Northwest Florida. The demand for properties, both residential and commercial, reached unprecedented levels. Multiple offers, bidding wars, and soaring prices became the norm. It was a time when sellers had
Published on Friday, July 14, 2023
The real estate forecast for the Destin area remains positive for residents and investors. The Newman-Dailey Real Estate Team is collectively optimistic that the market has stabilized regarding property pricing and interest rates. While inventory is still low, the number of listings on the market month over month is increasing as compared to 2022 (3,504 vs. 1,782 active listings). Another indicator of our changing market is the increase in the average days on the market (DOM), which is also been rising for listings along 30A and in the Destin...
Published on Monday, February 20, 2023