Continuation of Seller’s Market in Bear Trap Dunes

This is the time of year when we like to calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.   Generally, a balanced market would have 7 months of inventory, more would be a buyer’s market and less a seller’s market. At this time last year, there was less than 1 month of inventory for both single family and condo/townhome property types in Bear Trap.   We continue to stay under a balanced market due to deficient inventory.

If you would like to discuss the market in more detail, please call our Bear Trap Specialist Gail Phelan (302) 233-4909.