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Low Inventory is a Major Issue for Local Home Buyers | Brevard County, FL Real Estate | Carolyn Smith, Realtor & Bridget Sentz, Realtor

Posted on: October 15, 2012

Carolyn Smith, Realtor & Bridget Sentz, Realtor – Brevard County, FL Real Estate: Low Inventory is a Major Issue for Local Home Buyers

melbourne fl home inventory

Buyers in Brevard County, FL are becoming frustrated by the lack of real estate inventory

Recent reports by Florida Realtors and Inman News show that low inventories of for-sale homes have become a major issue for homebuyers. This is not just a Brevard County, Florida problem; almost every major market in the United States has posted double-digit decreases in available listings.

In many markets, including here in Brevard County, Florida, multiple offers are commonplace, and many buyers are becoming increasingly frustrated that they don’t have time to “think about it” before they make an offer on a home or property. In today’s market, buyers must be patient and not get discouraged by the low inventory, competition for properties and multiple bid situations. Today’s buyers are often forced to act quickly and even bid above the asking price when they find a home they like.

According to Charles Roberts, a director at the Denver Board of Realtors, “urgency” is the new landscape greeting home buyers. Fortunately though, he explains that “the educated, thoughtful clients are getting great deals with astoundingly low interest rates.” Roberts continues, saying “The clients that are still insisting on putting in offers at 80 cents on the dollar are getting shut out of the market. They either learn that that strategy doesn’t work anymore or they keep on renting”.

Low real estate inventory is an undeniable issue here in Brevard County, Florida. From August 2011 to August 2012 the inventory of available single family homes decreased by 50.6% and inventory of townhomes / condos decreased by 47.5%.

We appreciate the opportunity to assist you with your home search!  Contact Bridget at 321.537.5720 or Carolyn at 321.271.0870 today!

Source of info: FloridaRealtor.org (Oct. 8, 2012) and Inman News (Oct. 1, 2012)

Visit Our Website: www.CoastalEstateTeam.com

Contact Carolyn Smith at:

Phone: 321.271.0870

Email: CarolynSmithRealtor@gmail.com

Contact Bridget Sentz at:

Phone: 321.537.5720

Email: BridgetSentz@gmail.com

Start your dream home search right here: Coastal Estate Team Website

Whether you are buying or selling, it would be our pleasure to represent you!

Please call or email Your Coastal Estate Team to review your real estate needs!

2 Responses to "Low Inventory is a Major Issue for Local Home Buyers | Brevard County, FL Real Estate | Carolyn Smith, Realtor & Bridget Sentz, Realtor"

What an informative post. You are spot on. Keep the great posts coming! Best wishes for a productive fall real estate season.

Thanks Gloria! Best wishes to you as well, hoping your October is busy and productive!

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Visit Our Website: www.CoastalEstateTeam.com

Email Us: info@CoastalEstateTeam.com

Your Coastal Estate Team: Carolyn Smith, Realtor & Bridget Sentz, Realtor

"Your Coastal Estate Team"

Contact Carolyn at:

RE/MAX Olympic Realty
445 Fifth Avenue
Indialantic, FL 32903

Direct: 321.271.0870
Fax: 321.574.3044

Email: CarolynSmithRealtor@gmail.com

Contact Bridget at:

RE/MAX Olympic Realty
445 Fifth Avenue
Indialantic, FL 32903

Cell: 321.537.5720
Office: 321.952.4000

Email: BridgetSentz@gmail.com

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