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Seasonal anxiety affecting home sales

Posted by Editor on November 2, 2018
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According to Florida Realtors’ September existing-home market report, it took 85 days for a home to sell in Citrus County, down from 99 days a year ago – and there were 334 new listings, an increase from last year’s 206.

C.J. Dixon, president of the Realtors Association of Citrus County, says the county is approaching the seasonal slowdown. He also cites “uncertainties” outside the market right now that are having an impact, such as rising interest rates, the upcoming elections, and inventory that still has a ways to go to catch up to demand.

“By January the seasonal dip will recover as the uncertainty is resolved,” Dixon says. “Where the final balance point is depends on how the factors play out.”

Citrus County Chronicle (10/26/18) Bates, Michael

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