Tomorrow, we have officially finished the first half of August 2021 and are halfway to September. That means Paradise Sharks will be publishing our detailed look into where things stand in the Jupiter area real estate market. You aren't going to want to miss this one.
Inventory continues to be a huge problem. While we still have to finish off the day before the numbers are finalized, right now, inventory is down 6% over the past month and down to the absolute lowest number we have ever seen in the middle of any month. Ever. Historically low inventory.
Compared to year ago numbers, home inventory is down 64%. Compared to two years ago, before the virus turned the world into a different place, inventory is down 67%. Go back three years and inventory is down 69%.
The problem as we approach season is we are not seeing any significant new listing activity. Over the past four months there has been hardly any change in the number of homes buyers have to select from.
The worlds been turned upside down. Right now your Northern Palm Beaches home is worth more than it ever has been. Is it going to be worth more in the weeks and months ahead?
Tune in tomorrow as Paradise Sharks is going to tell you what we see heading your way.