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Juno Beach Inventory Levels Continue to Decline in September
Inventory Levels Continue to Drop in Juno BeachReal estate sales throughout the north county area have had a strong showing for most of the year but we have seen some a little softening over the past couple months. In a week or so we will be releasing the final September sales numbers and while it is still a bit too early for accuracy we will probably see those trends continue. Sales in the $1,000,000+ price ranges are showing strength, interest rates remain at record lows, and inventories as we have been reported continue to shrink. Interesting times indeed on the front lines of the Palm Beach County real estate market.
Lower inventories and rising sales are a winning combination for upward price movement but that we have not experienced to date. The continued flow of foreclosures is the main culprit for the continued downward pressure on prices. Some feel banks are holding back inventory in an attempt to not flood the market and cause further pricing pressure and while this may be true we will have to wait and see if that actually transpires. One thing is certain they are letting a much higher percentage of foreclosures go to 3rd party ... more

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