29th Jun 2011
Where did the inventory go?
We’re seeing a change in Brevard County, Florida. A few years ago at this time we had over 7,000 active single family listings in our MLS. Today we’re down to 3,400!! This is a positive step toward a better balanced market. Other positive signs include: 1) the high volume of calls our office is handling to schedule showings on our listings 2) listings are being sold out from under our buyers 3) some listings are receiving multiple offers 4) greater buyer activity on for all categories of properties. Brevard is lookin’ good! These indicators tell us we’re probably near the end of the negative pricing cycle. Real estate office signs all over town are warning buyers of the lower inventory and to get off the fence. Our spring market has been exceedingly busy and we look forward to a busy summer too. Ok Mr. and Mrs. Buyer - you’d better get out there while the gettin’s good!
We’re seeing a change in Brevard County, Florida. A few years ago at this time we had over 7,000 active single family listings in our MLS. Today we’re down to 3,400!! This is a positive step toward a better balanced market. Other positive signs include: 1) the high volume of calls our office is handling to schedule showings on our listings 2) listings are being sold out from under our buyers 3) some listings are receiving multiple offers 4) greater buyer activity on for all categories of properties. Brevard is lookin’ good! These indicators tell us we’re probably near the end of the negative pricing cycle. Real estate office signs all over town are warning buyers of the lower inventory and to get off the fence. Our spring market has been exceedingly busy and we look forward to a busy summer too. Ok Mr. and Mrs. Buyer - you’d better get out there while the gettin’s good!
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