Today I'm bringing you the Royal Palm Improvement Association meeting report. Why? Well, these meetings typically last somewhere around an hour and a half to two hours. I am going to give you all the points of discussion, and it is only going to take about 10 minutes. You are welcome.
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: