What’s The Current Supply of Real Estate?
According to real estate economists, six month supply of real estate for sale represents a balanced real estate market. A number higher than six months means it’s leaning towards a buyers market, a number less indicate that it’s a sellers market.
Keep in mind that real estate is local and even hyper-local. The statistics indicate what is available in both Lee and Collier Counties in the Sunshine MLS. There are individual neighborhoods and specific price ranges are experiencing short supply.
Your real estate agent *should* be able to calculate the absorption rate of the neighborhood or price range you are shopping in and that skill should be used as leverage in the purchase process.
Single Family Home & Villa: |
14.4 Months |
Low Rise Condominium: |
15 Months |
Mid Rise Condominium: |
22.2 Months |
High Rise Condominium: |
22.8 Months |
Attached Villa Home: |
14.2 Month |
Manufactured Home: |
24.4 Months |
###
All information is deem accurate, not guaranteed and subject to change. Check the date on this report for freshness. If you have questions regarding your particular neighborhood, your street or your home specifically you’re welcome to contact us for a current market report. Real estate consumers that read this website are urged to seek independent, professional legal, real estate and financial advise before engaging in any transaction.