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UH OH what happened to Jupiter Home Inventory?
Jupiter home inventory drops for the 1st time since October
We keep looking for some good news when it comes to real estate in the Northern Palm Beaches. Sales have hardly been robust, median single family home prices are down about 9% since July and the streets, restaurants, beaches and bars around Jupiter have never been this busy. We start this year with a brand new record low for pending home sales.
One bright spot was home inventory levels in Jupiter and the surrounding communities that had been on the rise for two straight months. More selection to entice buyers has to be a good thing. We hoped the trend would continue as sellers try to take advantage of our winter visitors and a traditionally busy spring buying season. We still think inventory levels will climb over the next few months but not this month.
As of January 1st, Jupiter area home inventory levels dropped about 1.5% from where we stood a month ago. Nothing major but buyers have fewer choices than they did a month ago. In fact, they have fewer choices than they have had in a year with the exception of September and ... more
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