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Eric Basmajian highlights how inventory, rather than prices, provides the earliest signal in the housing market. He points out a division within Florida, where markets such as Ocala and Panama City are more than 60% above pre-pandemic levels, while Miami and Naples remain below those benchmarks.
Basmajian emphasizes that tracking inventory changes is more effective for understanding real estate trends than focusing solely on price movements.
Basmajian’s emphasis on inventory as a leading metric aligns with his earlier observations on the rapid cooling in interest rate sensitive sectors, where shifts in supply and demand dynamics have similarly predicted market adjustments. His broader analysis of how supply shocks influence both economic growth and Federal Reserve policy further contextualizes current real estate trends, underscoring the complex forces shaping regional disparities within Florida’s housing market.