Lack of Inventory Slows Home Sales in Hobe Sound
By Tom Priester, Paradise Sharks
(Paradise Sharks )
June Home Sales in Hobe Sound Drop 17% Single family home sales were all over the board in the north county region with towns like Jupiter having another record sales month while in the neighboring village of Tequesta sales dropped significantly for the second straight month to the lowest levels we have seen in four months. No doubt the limited inventory of well priced homes is affecting sales volume but overall it was another strong month in the local real estate market. New home sales have been brisk and we must keep in mind that many sales in new home communities do not show up in our Multiple Listing Service. Take a trip to communities like DiVosta’s Windsor Park or Lennar’s Rialto and you will find very limited inventory of available lots and long built times. As demand from bu...
Comments
1