Cape coral Real Estate Inventory Continues to drop

Just a brief update on current inventory,some people seem to think that realtors have rosey colored glasses or make things seem better than they really are.Any sign of a decrease in numbers of homes listed for sale in Cape Coral should be considered a good thing.

We all want to see some evidence that things might be showing signs of improvement no matter how small it is as I am sure you feel the same as I do that I am sick of my property continuing to drop in value at some point in time that has to stop.

Between Dec 10th and Jan 10th 2009 our active single family housing inventory for the Cape was at 3924 homes.This is far less than it was at the beginning of last year when it was over 5000.We had over 900 properties go under contract in the same month.

Active inventory as it stand on Feb 3rd 2009 is at 3722 homes, an almost 10% drop in a month.Within the last 30 days 826 properties are now under contract ranging from under $20,000 to over $1,000.000.00.

I consider this to be a good sign that we are at least leveling off.Hopefully this trend will continue.

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