Juno Beach Inventory Levels Down 30% from Annual Highs

Real Estate Broker/Owner with Paradise Sharks BK3087579

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 typically pricing pressure will be to the upside. Each home is different and has it’s own set of specific metrics that need to be explored when determining current market value. That being said, buyer’s have 4 fewer choices today than they did a month ago so it is a great time to take advantage of a great combination on inventory and interest rates which are still at remarkably low levels after hitting another new low last week.

We take great pride here at “Results Driven Real Estate” in providing our clients the very highest level of service available in the industry. If we can be of assistance in any way with questions you may have about your real estate goals throughout Palm Beach and Martin Counties please feel free to contact me at either 561 308-0175 or tom@tompriester.com for a complimentary consultation. 

Always at Your Service,


Tom Priester   e-PRO

"Results Driven Real Estate"


Keller Williams Realty

561 308-0175



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate General Information
Florida Palm Beach County Juno Beach
All Things Florida
THE BEACH LIFE-South Florida
juno beach homes for sale
juno beach condominiums
juno beach pending home sales
juno beach home prices
juno beach buyers broker

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Marty Snyder
OwnerLand Realty - Monroe, OH
PSA, SFR, SRS; Ohio Homes for Sale

That's excellent news for the industry!  Hopefully, the charts will begin to look like that nationwide.

Aug 08, 2011 10:15 PM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Tom Priester

Paradise Sharks
Ask me a question
Spam prevention