Further Declines in Tequesta Inventory Levels Reported
By Tom Priester, Paradise Sharks
(Paradise Sharks )
Tequesta Inventory Level Declines 5% in June Multiple offers, quick sales and rising prices have become the rule here in south Florida as the amazing real estate rebound of 2012 continues. The shortage of quality single family homes continues and absorption rates have declined to levels we have not seen in about 7 years. Inventory levels throughout the north county region continue to drop. And we are talking about very significant reductions. Many buyers are finding out just how competitive this market is when out shopping for a new home. When a home that is properly priced hits the market, especially in the sub $400,000 price ranges, it is snapped up immediately and I mean in days if not hours. Acting quickly on new opportunities has not been this important since early 2005 before the ...