Will Jupiter, FL Home Prices Continue to Increase?

Dated: 10/25/2018

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Saporito Team

There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.

However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase. It is that simple. In real estate, it takes a six-month supply of existing salable inventory to maintain pricing stability. In most housing markets, anything less than six months will cause home values to appreciate and anything greater than seven months will cause prices to depreciate (see chart below).

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Below is the last 3 month of monthly inventory of homes for sale in Jupiter, FL 

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Bottom Line

If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.

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Drew Saporito

Local Expertise with Global Connections Proudly raised in Jupiter, FL, Drew earned the nickname "Native Realtor" because he personally understands what makes this area so special and desirable. It's a....

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