The number of existing homes for sale ticked up to 2.2 million in May, up 3.3% from April according to the National Association of Realtors (NAR). This signals 4 straight months of rising inventory suggesting the supply bottom was January 2013.
The new sellers are making moves they have put off for years as home prices have started recovering 18 months ago. There is a huge pent up seller demand. At Gulf Coast International Properties we specialize in marketing luxury real estate. If you are one of these "pent-up" sellers please contact me as you maybe pleasantly surprised at the current value of your home.
Thank you Kevin Aizenshtat