Paradise is selling fast!
The tide has turned...but there are still deals available.
There are currently:
2382 single family homes for sale in Cape Coral, FL
1504 homes have sold in the past three months
That leaves us with an absorption rate of: 4.7 months
What does that mean?
Let's say that not another house went on the market. How long would it take to sell the existing inventory? Only 4.7 months....
Rule of thumb:
A ‘normal' real estate market (if there is such a thing) has an absorption rate of 6%
When is it a buyers market? When the absorption rate is over 6 %
When is it a sellers market? When the absorption rate is under 6%
You can have some of this FABULOUS weather too but you better hurry.
RUN don't walk.....
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