[justjim]

Prices of homes across Florida show significant price increases and very low inventory. For example, inventory along the space coast (Cape Canaveral/Cocoa Beach) is down to less than last months sales. I have a family member who is a Realtor in that area and she worries about losing Agents because there are so few homes and Condos to sell. I read about the building materials shortage a couple of weeks ago and the shortage is for real and could get worse. Low interest rates, is causing a true “Sellers Market” and in some places homes are selling for more than the asking price. The bridge connecting the south villages by golf cart to the north villages and completion of Magnolia Plaza certainly won’t slow new home sales. Resales between 466 and Rt 44 have been rapidly selling too. Where this goes from here is anybody’s guess. We will just have to wait and see.