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Hobe Sound Real Estate Sales Show Continued Strength
Hobe Sound bucks local trend with strong sales in July
The local real estate market continues to intrigue. Inventory levels continue to drop and prices continue to rise and the two are certainly related. As the number of properties available for buyers to consider drops the laws of supply and demand take over. As supply diminishes and demand stays constant prices will rise. There are certainly appraisals to contend with but everyone agrees prices are finally on the upswing.
There are buyers everywhere looking to act on interest rates that continue to amaze. Foreclosed properties continue to be snapped up and in a future article we are going to take an in depth look at a remarkable change in who is ending up with these properties. Buyers are reading to act but suitable properties are not out there in many price categories. If demand stays strong we could see even more significant increases.
This demand is growing as many buyers do not want to miss out now that they feel the bottom has passed and the fear of buying into a dropping market dissipates. But the inventory issues has finally shown itself in the numbers and sales volume ... more
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