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Inventory Shortage | South FL Life & Real Estate: Premier Listings Blog

Friday, October 16, 2020   /   by Jordana Tobel

How South Florida Agents Can Help Solve the Inventory Crisis

If you're a South Florida agent in the last quarter of 2020, you're probably feeling what we all know to be true -- our inventory doesn't match the current buyer demand.

According to NAR (the National Association of REALTORS®), inventory in July 2020 was 21 percent lower than 2019’s already low levels. Additionally, homeowners are now moving once every 13 years , instead of 8 years (the average in 2010). This makes things even worse.

Buyers are coming from all parts of the country, to live a life outside year-round. 37% of Americans said the pandemic has caused them to consider moving, and 77% of respondents said that, for 2021, they prefer to live in a suburb over a city. People care less about “proximity to work” and more about “living space.” The survey showed that people are looking for:


More square footage
Larger outdoor areas
Lower population density
Increased affordability

These are all things that South Florida provides. Now th ...

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  south florida real estate, delray beach real estate, premier listings, boca raton real estate, florida real estate market, florida real estate investment, inventory shortage, listings, florida listings, south florida listings, delray beach listings

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All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
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