I’ve been tracking the MLS stats for Indian River County Florida for two weeks to watch the supply and demand. Each day at the same time I check the MLS for Residential current listings, under contract/pending, and sold for the year. I use those numbers to give me the daily absorption rate and the days left for supply.
This morning we have 622 listing, 1,238 under contract/pending, and 1,522 sold for the year resulting in an daily absorption rate of 16. That gives us 38 days of inventory.
It’s getting harder and harder to find buyers property.