Continuation of a Seller’s Market in Sea Colony

This is the time of year when we calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market at the beach. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory while more would be a buyer’s market and less a seller’s market. Both Sea Colony East and West continue to stay well under a balanced market due to good buyer activity. While inventory is growing (especially on the East), it remains a seller’s market.

If you would like to discuss the market in more detail as a buyer or a seller, please call our Sea Colony Specialists.

Gail Phelan               Chris Housman
(302) 233-4909       (302) 853-0192