The demand Buyers are placing on the market is far outpacing the current inventory of Cape Coral Gulf Access Homes and for the most part all Cape Coral waterfront real estate.
Lawrence Yun who is the Chief Economist with The National Assocaiation of Realtors has recently commented on this gap between supply and demand.
“While feedback from REALTORS® continues to suggest healthy levels of buyer interest, available listings that are move-in ready and in affordable price ranges remain hard to come by for many would-be buyers.”
The most recent Existing Home Sales Report shows that there is a 5.1 month supply of homes for sale. This is lower than the 6 month benchmark that we normally consider to be a balanced market. This is even lower than the numbers for 2014 in November when we compare year over year statistics.
Below is a chart that shows what we experienced last year.
Cape Coral Gulf Access Homes are experiencing the same shortage and now is proving to be a great time to sell.
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