
As we know, real estate markets change from month to month, and good news for sellers is not such great news for buyers. We don’t currently have a balanced market in Florida real estate. The problem for buyers (and therefore the advantage for sellers!) is that there’s just not enough property to go round.
What would a balanced market look like? Well, economists typically look at what they call the ‘real estate absorption rate,’ which is calculated by taking the number of houses currently on the market by the number of sales. The result gives us a figure that show the number of months’ supply of homes available, or we could say, the number of coming months during which the market can offer as many homes are currently in demand. The market favors
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