📊 Bolivar Peninsula Market Report: Inventory Continues to Rise While Sales Remain Slow
This past week, we saw another increase in the number of homes on the market across the Bolivar Peninsula, bringing us to 466 active listings. While more options may sound like a good thing, it’s a clear sign that inventory is continuing to build — and faster than it’s moving.
The good news? We’ve seen an increase in the number of homes sold over the past 6 months, and the price per square foot for sold homes has gone up. That indicates buyers are still active and willing to pay for the right property.
But here’s the challenge: only 86 homes have sold in the past 6 months. When you compare that to the current inventory, we’re looking at over three years’ worth of homes sitting on the market if this trend continues. And the average list price for homes hasn’t budged, despite clear signals from buyers.
To put it simply: this market won’t fix itself.
Sellers need to get realistic. Pricing aggressively and aligning with market demand is key. Without that, we’re likely to see inventory continue to stack up — and homes sit unsold.
If you’re considering selling and want to talk through the numbers, timing, and strategy that makes sense in today’s market, I’m here to help.
📲 Beth Terminella
Your Bolivar Peninsula Real Estate Expert
214-801-9801 | WeSellCrystalBeach.com