Home Inventory Levels in Jupiter Continue to Fall

Choices for home buyers down to 3 month lows

The real estate news around the north county region has been all good for so long. We keep watching for a glimmer of a change in the market. But we won’t find it in today’s look into where home inventory levels have moved over the past month. The answer is down. And down a substantial 4% from where we stood back on April 1st.

Inventory

With sales increasing all this can mean is the pricing increases we have been enjoying in the market should probably remain with us for a while longer. Increasing demand and shrinking supply should mean only thing; increasing prices. However, we live in a mixed up crazy world where not much makes sense like it used to so we will continue to watch closely.

We are very, very close to where we stood on year ago with inventory levels in the region. I keep hearing Realtors® and the press again and again tell us how inventory is so low. It may be true with the national inventory, it may be true with the state wide inventory but it certainly isn’t true in the northern Palm Beach County region. But for the second straight month we are moving in the right direction. After 7 long months of increasing inventory levels the tide is changing. No doubt we still see much of the current inventory priced above the most recent sales numbers and much more in poor condition and locations. The market continues to react very favorably with well priced listings in good condition and there is no doubt the shortage of inventory with those characteristics is the major cause of increasing prices.

Today we enjoy a fabulous report of declining inventory. Tomorrow we will look a little deeper into what has happened to pending home sales over the past 30 days. Always interesting, always fun.

Fins up………..

Tom Priester
Principal Broker

Paradise Sharks Real Estate
Direct Line 561 308-0175
tom@tompriester.com

http://www.paradisesharks.com

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Tom Priester

After spending years among the top individual performers at one of Palm Beach County’s largest and most successful real estate brokerages, Tom Priester knew there was another way to do real estate. A better way. Real estate services focused on the customer. Like the old days when the customer truly was #1. He tired of listening to why he should be going out to have his customers sign one sided buyers’ brokerage agreements. He tired of hearing how he should be selling customers why paying higher commissions, like 7% and 8%, was to their benefit. He tired of hearing how he should sell his clients on why they should be paying hundreds of dollars in additional “transaction fees”. The business had slid way too far from being focused on the customer. His customer. So he decided the time was right to be different…..by design. To start his own unique boutique real estate firm truly focused on his customers. They will now have access to a process focused on them. Only the best marketing techniques to sell their homes. No cutting corners. Commission structures based on his clients needs not his. Paradise Sharks was born out of Tom’s passion to return this business to the customer. Where it belongs. If you want a real estate experience that benefits you, just give Tom a call at 561 308-0175 or send him an e-mail at tom@paradisesharks.com. You can always pay more and receive less but that just would not make any sense. Would it?

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