Strong Seller’s Market
We are often asked whether we are in a buyer’s market or a seller’s market at the beach. To clearly answer this question, we need to calculate Months of Inventory, also known as the Absorption Rate.
Generally speaking, 6 to 7 months of inventory is a balanced market, more is a buyer’s market, less is a seller’s market. The yellow line on the graph represents a balanced market. The beach as a whole is currently in a Seller’s Market with 4 months of inventory (down from 6 months at this time last year). All areas continue to trend in this direction and as the chart illustrates, this is the strongest market in many years!
If you are considering a purchase, please let us know! We will work together to help you find the perfect beach home in time for the upcoming summer season!
Leslie Kopp & Christi Arndt