New agents flock to real estate despite market challenges
With inventory at record lows, buying a house in Northeast Florida is much like browsing the empty shelves of a grocery store before a hurricane.
In April, Northeast Florida boasted only a 1.2-month supply of residential housing with 3,991 homes on the market, a drastic 58.2 percent drop from a year ago when there were 9,544 homes for sale, according to market statistics from the Northeast Florida Association of Realtors (NEFAR).
Spurred on by the pandemic, demand for housing has become fierce. Home sales were so strong in April that many sellers had the luxury of choosing between multiple offers, with nearly 40 percent of all properties selling for more than the asking price. Residential properties on the First Coast averaged only 41 days on the market in April.
Realtors with homes to sell are blessed, while those representing buyers often share…