Our partnership with Knight Frank gives us access to some really interesting data.
As ever, the questions I am hearing from the both optimists and pessimists in Royal Palm are focused on asking prices, selling prices and (especially!) inventory. As inventory levels are increasing – we have been hovering around 75 active listings with spikes into the low 80’s multiple times over the past six months – the topic of inventory is on the minds of many residents.
In a “seller’s market” increasing demand for property of a certain type or in a specific area drives up prices. Here are some common drivers of demand: