Psst, inventory is dropping

This morning I checked the inventory for single family homes in Manatee County and I saw something that I haven't seen in awhile.

Inventory had dropped below the 4000 mark. Granted just five below but it has been a very, very long time since we have seen that in our market.

The inventory has been slowly creeping downward. We usually get a bunch of houses coming off the market right after the snowbirds leave.

Last year even after the snowbirds left we still had more than 4000 homes for resale on the market.

What this means for buyers and sellers is if the inventory is dropping and demand remains relatively low but steady we should see prices stabilize.

Keep watching the slow turn to a stable market (not a rising one) appears to be happening.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com