Tagged : home supply

Found 1 blog entry tagged as "home supply".

 

According to Naples Area Board of Realtors (NABOR), housing supply is at its lowest since 2007 this May. The demand on the other hand, is relatively high with close sales and pending sales reaching over 1,000 in May. However, compared to the same month last year, the speed of sale is a bit slower. NABOR’s monthly report includes all of Collier County, except Marco Island.

Despite the discrepancies in demand and supply, real estate brokers do not perceive this as a sign of a real estate bubble building up. Real estate people do not want bubble happening since too much demand with little supply push prices to very high values causing home prices to be unsustainable for average buyers.

The bubble already occurred during the housing boom in

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