The housing market here in Southwest Florida, Cape Coral, Lehigh Acres and Fort Myers remains strong and buyer demand is increasing everyday of home buyers in the "search of our retirement home mode" as we enter our spring and summer home selling season here in Southwest Florida. However, one challenge to the current market is a major shortage of inventory of homes for sale in Cape Coral, Fort Myers and Lehigh Acres Florida.
Below are a few comments made in the last month by industry experts.
Lawrence Yun, Chief Economist of NAR “Looking ahead, the key for sustained momentum and more sales than last spring is a continuous stream of new listings quickly replacing what's being scooped up by a growing pool of buyers. Without adequate supply, sales will likely plateau."
Jonathan Smoke, Chief Economist of Realtor.com "Low inventories and tight credit will limit the gains we will see in 2016. However, given the level of pent-up demand evident in web activity and stated buyer intentions for 2016, we should see this spring materialize as the busiest season of sales since 2006."
Rick Sharga, Ten-X's EVP “Inventory is too low to support much higher sales. There's virtually no inventory available at the entry level, and single family housing starts and permits continue to languish at levels far below where they should be at this point of the recovery.”
David Crowe, Chief Economist of the National Assoc. of Home Builders “Many sellers may not have an absolute decision as to whether to buy an existing home or a new home. So the low inventory of existing homes is locking them in place.”
Freddie Mac “Challenges remain, with low housing supply and declining affordability being a key concern in many markets.”
Thinking about selling your home located in Cape Coral, Fort Myers, Lehigh Acres Florida? Allow me to unlock the current value of your home by providing you with a current home valuation report on how your home measures in value to our local current real estate market. If now is a great time to sell for you and your family? Lets get together and discuss whats important to You !
I look forward to speaking with you.