By Brett Ellis
Low Inventory Leads to Quick Home Sales in SW Florida
If you price it right, they will come. We’ve been saying this for years, and it’s true. Perhaps you’ve read recent headlines that shows home sales are down. This would also be true but not for the negative reason the headline implies.
Simply put, home sales are down only because we don’t have much to sell. We have greater demand than supply.
If you look at the inventory chart for single family homes in SW Florida you’ll find that inventory levels are at their lowest level in years. Inventory levels usually begin to rise in October through season, so we’ll have to keep our eye on that.
Buyers aren’t really prepared for the competition for new listings. Their agent tells them it’s a good market and multiple offers are more often the rule rather than the exception, but it doesn’t sink in until they experience it for themselves. There’s nothing quite like losing out on your first and second choice home. It begins a powerful soul search and buyers have to ask themselves a hard question. How bad do I want a home?
Most want one. …read more
Source:: Top Agent