I think you are quite right about the fundamental question of supply and demand.
However, now there's a few more coming on the market each day.
David, That's fantastic for you! Our Naples area real estate is set up a little differently. We cannot handle more than one offer at a time and the only person that deals with the seller is the listing agent. The buyer's agent cannot present their offer. Different , I know.
I am so impressed with your videos. I am just venturing into it and you are what I want to be when I grow up! :-)
We all understand the concept of supply and demand. If demand is strong prices rise.
We have always measured inventory as "MONTH"S supply or "Absorption rates at 30% with a 3 month supply"
We are concerned about continuing Price increases going into the fall and what will be our spring market.
Thank you for your kind words.
David
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