What are the Unicorn Years?
Hiller Group Hiller Group
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 Published On Apr 3, 2024

My team and I have been covering the Florida Panhandle, from Pensacola to Panama City, selling hundreds of homes during the unicorn years of 2020 to 2022. The market was like a fairy tale: abnormally low interest rates, homes sold in a flash, and bidding wars were the norm.

But times have changed. The market's shifted back to normal, with home prices growing at a steady, sustainable pace. The days of astronomical price jumps are over. Now, we're looking at healthier, stable growth.

So what does this mean for you? It's time to adjust your expectations. The unicorn years were an exception. With interest rates hovering around 7% now at the time of this video, we're closer to the normal, 30-year average. Focus on current trends and data, whether you're buying or selling.

For buyers, get pre-approved and be patient. Don't rush into decisions. For sellers, set a realistic price based on current market data. And for everyone, work with a real estate professional who understands this market.

If you found this helpful, give us a like, share, and subscribe for more insights. Reach out to us at the Hiller Group if you need assistance. See you in the next video!

#realestate #unicornyears #floridapanhandle #homebuying #homeselling #marketupdate #realestatetips #homebuyers

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