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Juno Beach Inventory Levels Down 30% from Annual Highs
Watching the inventory levels continue their monumental drop has really been a thing of beauty. Month after month we report new annual lows in home inventory levels throughout the north county area. This month is no different as we again need to adjust the scale on our charts to handle the new lows. No doubt we need to see these levels maintain and while it is making it ever more difficult to find price driven buyers to homes that meet their expectations no doubt this is a critical metric for future price appreciation.Last month in Juno Beach inventory levels continue to go lower and this marks the 3rd straight decline and another new record low. The net inventory of real estate currently for sale on our local Multiple Listing Service (MLS) in Juno Beach now stands at 106 down 4 units from the July 1st level. Inventory levels are now lower by about 30% from our annual high which is a very significant move. Net inventory is defined as all of the property actively being marketed that does not have a contract outstanding either as a contingent or pending listing.
As we see inventory levels decrease buyers have fewer choices and ... more

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