Expect Modest 5% increase in Luxury Boca Raton Listings for sale (Boca Raton, FL)

Expect Modest 5% increase in Luxury Boca Raton Listings for sale

As your Boca Raton luxury Listing agent it is my job to stay on top of all the latest trends in Real Estate prices. As we start off the year we see Boca Raton home prices rising but far more slowly than in 2013. Monthly price increases should slacken to less than half a percent and we may not see more than a 3-5% increase in Boca home prices over the course of the year. Boca Raton home inventory is very slowly increasing There are three reasons that I can see for this slowdown in appreciation. The first is that more homes in Boca Raton are coming into the market. Inventory is slowly creeping toward equilibrium (a six month supply wherein neither Boca home buyers nor Boca home sellers will have much advantage) but we won t hit that point until late this year. The National Association of Realtors (NAR) indicates that a dramatic appreciation in housing inventory is at least a year away. If you wish to study comparative Luxury Home listings in Boca Raton call me at 561-213-6139