Let’s dive into why this could be a prime moment to snag some inventory or flip deals.Market Spotlight: Price Drops Steal the ShowMedian List Price: $775,000The median’s holding at $775K—solid for a luxury-leaning market like Rancho Mirage.Median Price of New Listings: $662,400New stuff’s hitting at $662K, a notch below the overall median—sellers might be getting realistic.Price Per Square Foot: $368At $368/sqft, it’s a workable base for flips or rentals in this SoCal gem.Price Decreased: 48%Here’s the kicker—48% of listings have slashed prices.

If CD rates decrease and home price reduce in 2024 then it is good time to buy.

•Tampa Bay: The region saw a significant decline in housing demand, dropping from the top 10 to 29th place in Zillow’s annual competitiveness ranking.Price AdjustmentsDespite the increase in inventory, median home prices have shown resilience:•Statewide: The typical home value in Florida is $385,541, reflecting a 1.4% decrease over the past year.

A new owner with more capital can easily come in and decrease vacancy rates and increase supply to realize a 2-3x revenue.

↗️The listed median price decreased by $40,000 from February 2024 to February 2025.nThis shows a 5.88% decrease.

If I could put down more money obviously that would decrease mortgage but I need some left over for closing etc

The median home price has decreased by 6%, and the average price has seen a 4.5% reduction.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

The depreciation you've taken in prior years decreases your cost basis, which might make the sale a taxable gain even if the sales price is below your original purchase price.

Do you think there is a way to decrease those costs?