Spring is one of my favorite times of year because nature is waking up from it's Winter dormancy.
The plants are growing and producing rich colors. The animals are busy searching out new locations to nest and start a new family.
The residential real estate market is also beginning to emerge from it's usually quiet Winter season. We are moving into the traditionally busy selling season in northeast Florida.
Building permits are on the rise as builders anticipate increased demand in 2014 compared to 2013. We are also seeing an increase of non-distressed listings entering the market.
We analyze the distressed and non-distressed activity closely in each appraisal, because it is important that we understand the market and accurately report trends as they change. New construction activity can also be an important factor.
My next post will illustrate how we analyze the real estate market as we look for macro and micro trends.