Have you ever driven through a neighborhood and seen all those real estate signs in front of seemingly every other house?
It probably happens every day in most parts of the United States if you are in the real estate market as a buyer or real estate professional.
But not all of those houses are for sale....
In Brevard County Florida there are 5330 single family homes that are either actively for sale, under contract with contingencies or under contract and awaiting closing. Sounds like a bunch of homes for sale.
Now assume there is a "For Sale " sign in front of each of these properties. How many are actually actively for sale?
Drum roll, please.....
How does 69% sound???
Out of 5,330 properties only 3,681 are actively for sale.
This was really brought to my attention today when a client called me to say she had found the neighborhood she really likes. We had looked at one house in the subdivision earlier this week.
She said there were lots of other signs in the neighborhood.
The neighborhood of Capron Trace in Viera did have 7 properties in the MLS system but only one was active. Six of these properties were under contract!
Point made.....
Just because there are signs out front doesn't mean it is on the market!
Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.
Read my blogs Florida Homes for Sale, Moving to Brevard County, Florida, and Brevard County Florida Real Estate Information.
