Right now in Cabot Arkansas there are new homes bing built everywhere. If some one is looking for a new home somewhere in the area and has specific tastes, they could find what they are looking for in or around Cabot AR. There are new homes on small sub-division lots, there are new homes on 1-3 acres, and there are new homes for sale on 30-50 acres in the Cabot area. It all has to do with what you are looking for and how much you are willing to pay. What are all of these new homes going to do do housing market in Cabot AR?

New Construction sales in Cabot are still strong, but showing signs of weakness. There are over two hundred and fifty new construction homes on the market today. That would not be a lot in bigger town, but with a town of only 20,000 people that is a lot of new construction homes on the market. Searcy AR is a town that is close to Cabot AR with approximately the same population, Searcy has 23 new construction homes on the market. Cabot has ten times the amount of new construction homes on the market!! That is incredible!

So what is the high supply going to do for Cabot? Well, I did take several economics classes in college, but it does not take those to see that Cabot has to much supply!! Builders are going crazy with new construction homes! Cabot is growing at tremendous rates, but basic economics tells me that eventually the over supply will catch up with the demand. This will cause builders to slow down on building new homes and may cause them to drop prices on the unsold new construction. With the prices of the new construction dropping, existing home prices should follow.

This is nothing that is going to happen over night and nothing people should panic about, but it is something to be aware of. How can we keep this from happening to prices in Cabot. Simple we need to lower the supply. By doing this it will keep the demand up and enable home sellers to not have to dramatically drop prices to sell their home. If you have any questions about Cabot AR real estate, click on the link.

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