Southern Lee County Home Sales

The latest Southern Lee County Home Sales Report for the week of the 29th showed there were 168 properties sold in Southwest Florida compared to 211 during the prior week.

Southern Fort Myers had the most transactions for the week with 78 property sales compared to 80 sales the previous week. Transactions were as follows:  31 percent vacant lots, 21 percent were condos and 46 percent were single family homes. The remaining properties sold were a mobile home and a commercial unit.

Bonita Springs returned to the second position with 51 real estate transactions for the week compared to the prior week when there was 61 home sales. Of the 51 real estate sales, 31 percent were condos, 49 percent were single family homes and 16 percent vacant lots. The other Bonita Springs transactions were a mobile home and a multi-family unit.

Finally, Estero slid to third place with 39 property sales compared to the week of the 22nd when there were 78 home sales. Real Estate sales were split between multiple property types. Of the 39 home sales, 26 percent were vacant lots, 28 percent were condos and 44 percent were single family homes. The other Estero transaction was an agricultural lot. 

In review, based on the real estate transactions report for the week of August 29th, property sales were broken down by the following types in Southwest Florida: 42 condos, 79 single family homes, 42 vacant lots, 2 mobile homes, 1 multi-family unit, 1 agricultural lot and 1 commercial property.

Southern Lee County Home Sales Review – Organized by zip code

Bonita Springs

• 34134 – 9 properties sold (6 single family homes and 3 condos)
• 34135 – 42 properties sold (1 mobile homes, 1 multi-family unit, 8 vacant lots, 19 single family homes and 13 condos)

Southern Fort Myers

• 33912 – 18 properties sold (1 vacant lot, 9 single family homes and 8 condos)
• 33913 – 46 properties sold (1 commercial unit, 16 vacant lots, 21 single family homes and 8 condos)
• 33967 – 14 properties sold (1 mobile home, 7 vacant lots and 6 single family homes)

Estero

• 33928 – 29 properties sold (1 agricultural lot, 10 vacant lots, 13 single family homes and 5 condos)
• 33967 – 3 properties sold (3 single family homes)
• 34134 – 2 properties sold (2 condos)
• 34135 – 5 properties sold (1 single family home and 4 condos)

Miromar Lakes

• 33913 – 1 property sold (1 single family home)

August Home Sales Review:

Lee County Real Estate Transactions Week of Aug. 29th

Luxury Golf Community Real Estate Trends

The Cost of a Home Is Far More Important than the Price

When making a purchasing decision, the cost of a home is far more important than the price. Despite housing inventory being at an all-time low, with 39% fewer homes for sale today than at this time last year, buyer demand continues to set records. Yet, interest rates remain near historic lows making the true cost of a home lower than you may realize.

Zillow recently reported:

August Real Estate Trends For Naples Florida

The August Real Estate Trends Report continues to show high demand for properties in Naples, Florida. Pending sales (homes under contract) increased 70 percent over last August and closed sale increased 35 percent during the same time period. Additionally, overall the number of Naples homes for sale declined 29 percent. As a result, the exceptionally low inventory is driving home prices up.

Lifestyle changes continue to drive the types of homes being purchased.  Single family homes with four bedrooms showed the strongest sales activity. Buyers are looking for homes with enough space for a home office, home schooling, home fitness and plenty of space for all family members.

Ultimately, it is a seller’s market. So, if you are considering selling, now is a good time to jump in the market to take advantage of the high demand for Naples property.

2020 August Real Estate Trends

 

August 2020 Versus August 2019 Real Estate Activity Highlights

• Single family home sales increased by 39 percent with 583 Naples real estate transactions
• Condo sales increased to 515 sales which was a 32 percent decrease compared to last July
• Overall pending sales increased to 1,479 representing a 70 percent increase
• Overall inventory fell 29 percent down to 4,174 properties for sale compared to the same time last year
• Days on market decreased to 96 days which is a 6 percent decrease versus August 2019

Naples Closed Sales

The latest Naples real estate market reports show home sales continue to be exceptionally strong during the month of August. Overall, closed sales increased in August by 35 percent compared to the same time last year.

Additionally, once again closed sales for the past 12 months shows home sales increased in almost every price category. Most notably, Naples Luxury homes between $1 million and $2 million with a 14.3 percent increase over the same time period last year. Also notable was the increase in sales between $500,000 and $1,000,000 which were up 15.5 percent.

Unlike last month which only showed a slight increase in ultra luxury Naples homes, sales above $2 million dollars, this month the increase in closed sales was 18% higher than last year.

Once again, it’s clear there is a shift in buyers looking for single family homes with more space and privacy. Single family home sales increased 9.9 percent compared to condos which decreased 3.1 percent.

Additionally, single family homes homes with at least four bedrooms saw a 14.1 percent increase in closed sales activity. As more home buyers make a shift to working remotely, surveys have shown they are looking for properties with enough rooms for their family as well as space for a dedicated home office.

Days on Market for Naples Home Sales

Due to the heightened demand for Naples homes, the number of days on Market decreased once again. Overall, the number of days a home was on the market before it went to contract dropped to 96 days which represented a 6 percent decline compared to August of last year. The price range with the largest decrease in days on market over the past 12 months were properties priced between $500,000 and $1,000,000.

Additionally, buyer interest continues to be significantly higher than usual for the summer months.

Naples Inventory of Homes for Sale

Overall inventory during June decreased 29 percent to 4,174 homes down from 5,887 homes in August of 2019. Single-family homes for sale fell by 41.3 percent and condos available for sale dropped by 16 percent.

As evident in the chart to the left, all price ranges saw major reductions to inventory levels. Properties priced between $300,000 and $500,000 saw the biggest impact with a 39.7 percent decline in properties for sale. The decrease in inventory is primarily due to pending home sales which rose significantly due to buyer demand. In fact, total pending sales or homes that went to contract during the month increased from 868 to 1,479 which represented a 7.4 percent increase.

Additionally, several people have asked if homeowners are lowering home prices and the answer is a resounding “no”. Housing supply is just not keeping up with buyer demand. As a result of low inventory levels, home prices are actually increasing and in some cases being sold over list price with multiple offers.

Naples single family homes saw an increase of 15.7 percent in the median closed sales price. Similarly, Naples condos saw an 18.4 percent increase.

Also notable is the percentage of list price which was 96 percent of list price for single family homes and 95.4 percent of list price of condos over the past 12 months. Ultimately, the percentage of list price increased or remained flat in all price categories. It remains a sellers market due to low inventory. Therefore, if you are a buyer, you should be prepared for homeowners who are less willing to negotiate.

Ultimately, Naples offers a luxury lifestyle with numerous outdoor activities, sunshine and low taxes. So, if you are considering buying a primary residence, second home or vacation home now is a great time start your search.

If you are seller contemplating listing your home, now is an ideal time to maximize the value of your home. Buyer traffic continues to increase and season is still a couple of months away. For those who are just in the planning stages of selling your home, there is no better time than now to connect with us to learn about your home’s value.

More August Real Estate Trends For Naples

August 2020 Naples Real Estate Statistics

Luxury Golf Community Real Estate Trends

Find a Real Estate Expert Who Specializes in Golf Community Real Estate

Look for an agent who specializes in the type of community or properties you are interested in purchasing. If you are considering a Southwest Florida Golf Community, there are more than 150 golf course communities to chose from. How do you know which one is right for you and your family?  Find a specialist who has the knowledge and experience about golf community real estate to help you navigate the various clubs, courses, membership options, amenities and location that will best match your lifestyles.

“Luxury Lifestyle” has different meanings for different people. What does it mean to you? Golf course communities in our area have enhanced their amenities to provide members with the ultimate luxury experience. From wellness centers to pickleball and everything in between. We will help you identify the best communities to visit.

Do I need a Realtor if I’m Buying New Construction?

View Testimonials…

Selling Your Home? Work with an Experienced Naples Luxury Realtor

In today’s rapidly changing market, it’s critical to make sure you have a digital game plan and an effective online marketing strategy when selling your home. One of the ways your agent can help with this is to make sure your listing photos and virtual tours stand out from the crowd.

So, if you’re ready to move forward, our virtual practices can help make your sale happen. We know exactly what today’s buyers need, and how to put the necessary digital steps in place. For example, according to a survey, when asked to select what technology would be most helpful when deciding on a new home, here’s what today’s homebuyers said, in order of preference:

• Virtual tour of the home
• Accurate and detailed listing information
• Detailed neighborhood information
• High-quality listing photos
• Agent-led video chat
• Paperless transactions

So, if you are contemplating selling a home in Bonita Springs, Estero, Naples or Fort Myers, we encourage you to work with a Professional Real Estate Agent or REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price.

Now more than ever, an agent’s presence on the internet is critical to selling your home. Let’s connect to talk about how we would leverage new real estate technology such as virtual tours and high-end photography, e-mail marketing, social media marketing and much more.

Finally, if you live in a golf community in southwest Florida, you are competing with more than 150 other golf communities.  Contact us today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.

Should I Use a Realtor or Sell on My Own?

September 21st, 2020, Posted by NaplesGolfGuy

Remote Closings Are Common Place in Southwest Florida

Remote closings have been common place in Florida for a long time, which has put us in a good position to help if you are buying a Florida getaway and can’t be here on closing day. Thanks to new technology and laws, real estate closings are happening throughout the state without anyone in the same room! Here’s what to expect during a Florida remote closing.

What to Expect During Remote Closings:

• The title company or attorney’s office prepares documents and then emails or uploads them to an online portal
• The title company or attorney’s office verifies personal information and identification by video
• Buyers and Sellers sign documents electronically
• The Notary Public uses audio-video conference technology to notarize a signer’s electronic signature on electronic documents

A total of 23 states now have the ability to close remotely.

Begin Your Own Search for a Naples Luxury Home:

Selling Your Home? Work with an Experienced Naples Luxury Realtor

In today’s rapidly changing market, it’s critical to make sure you have a digital game plan and an effective online marketing strategy when selling your home, especially if you are selling a luxury home. One of the ways your agent can help with this is to make sure your listing photos and virtual tours stand out from the crowd.

So, if you’re ready to move forward, virtual practices may help you win big when you’re ready to sell. While abiding by state and local regulations is a top priority, we can help make your sale happen. We know exactly what today’s buyers need, and how to put the necessary digital steps in place. For example, according to the same survey, when asked to select what technology would be most helpful when deciding on a new home, here’s what today’s homebuyers said, in order of preference:

• Virtual tour of the home
• Accurate and detailed listing information
• Detailed neighborhood information
• High-quality listing photos
• Agent-led video chat
• Paperless transactions

Thus, if you are contemplating selling a home in Bonita Springs, Estero, Naples or Fort Myers, we encourage you to work with a Professional Real Estate Agent or REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price.

Now more than ever, an agent’s presence on the internet is critical to selling your home. Let’s connect to talk about how we would leverage new real estate technology such as virtual tours and high-end photography, e-mail marketing, social media marketing and much more.

Finally, if you live in a golf community in southwest Florida, you have a lot of competition in the market with more than 150 other golf communities.  Contact us today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.

Should I Use a Realtor or Sell on My Own?

Bottom Line:

If you are looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to us directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home, pet-friendly or dream home, call or text 239-370-0892 or email  Matt@NaplesGolfGuy.com

September 21st, 2020, Posted by NaplesGolfGuy

Golf Community Trends In Southwest Florida

Looking for the latest Golf Community Trends for Southwest Florida? For the most comprehensive coverage of golf community information in Naples, Bonita Springs, Estero or Fort Myers, explore our site for answers to all of your questions. There are over 150 golf communities in the area, 90 percent of which have a private golf course within the community. With all of the various membership options, course designs, amenities and a wide area of home types available, it can be a challenge to select the right golf community to fit your lifestyle.

So, if you are searching for information on one of the best private golf course communities in Naples, Bonita Springs, Estero or Fort Myers, below you will find highlights for the latest real estate statistics for single-family golf homes and golf condos in our area.

Southwest Golf Community Trends – Single Family Homes

 

Naples Golf Community Trends (Single Family Luxury Homes)

Audubon Country Club – 18 properties for sale, 29 properties closed over the past 12 months and average sales price $1,069,876

Collier’s Reserve – 6 properties for sale, 15 properties closed over the past 12 months and average sales price $1,548,793

Grey Oaks – 22 properties for sale, 52 properties closed over the past 12 months and average sales price $2,681,715

Kensington – 3 properties for sale, 16 properties closed over the past 12 months and average sales price $851,900

Lely Resort – 72 properties for sale, 119 properties closed over the past 12 months and average sales price $650,062

Mediterra – 38 properties for sale, 42 properties closed over the past 12 months and average sales price $2,121,135

Olde Cypress – 18 properties for sale, 33 properties closed over the past 12 months and average sales price $741,716

Pelican Bay – 19 properties for sale, 52 properties closed over the past 12 months and average sales price $2,643,481

Pelican Bay (Estates at Bay Colony) – 4 properties for sale, 3 properties closed over the past 12 months and average sales price $3,891,667

Pelican Marsh – 21 properties for sale, 57 properties closed over the past 12 months and average sales price $1,063,151

Quail Creek – 8 properties for sale, 21 properties closed over the past 12 months and average sales price $1,081,714

Quail West – 27 properties for sale, 59 properties closed over the past 12 months and average sales price $1,937,405

Talis Park – 8 properties for sale, 19 properties closed over the past 12 months and average sales price $2,208,026

Tiburon – 4 properties for sale, 9 properties closed over the past 12 months and average sales price $1,756,111

Vineyards – 19 properties for sale, 64 properties closed over the past 12 months and average sales price $655,193

 

Bonita Springs Golf Community Trends (Single Family Luxury Homes)

Bonita Bay – 25 properties for sale, 63 properties closed over the past 12 months and average sales price $1,271,318

Palmira – 15 properties for sale, 40 properties closed over the past 12 months and average sales price $589,738

Pelican Landing – 25 properties for sale, 38 properties closed over the past 12 months and average sales price $749,563

Pelican Landing (The Colony) – 10 properties for sale, 7 properties closed over the past 12 months and average sales price $1,509,857

 

Estero Golf Community Trends (Single Family Luxury Homes)

Miromar Lakes – 27 properties for sale, 40 properties closed over the past 12 months and average sales price $1,590,313

Pelican Sound –  0 properties for sale, 8 properties closed over the past 12 months and average sales price $658,125

Shadow Wood – 24 properties for sale, 49 properties closed over the past 12 months and average sales price $858,171

West Bay Club – 17 properties for sale, 22 properties closed over the past 12 months and average sales price $1,103,075

 

 

 

Fort Myers Golf Community Trends (Single Family Luxury Homes)

Gulf Harbour Yacht and Country Club – 7 properties for sale, 21 properties closed over the past 12 months and average sales price $734,465

The Forest – 7 properties for sale, 26 properties closed over the past 12 months and average sales price $434,231

 

Southwest Florida Golf Community Trends – Condos

 

 

 

Naples Luxury Golf Community Trends (Condos)

Grey Oaks – 7 property for sale, 7 properties closed over the past 12 months and average sales price $811,571

Hammock Bay – 18 properties for sale, 29 properties closed over the past 12 months and average sales price $463,603

Kensington – 14 properties for sale, 11 properties closed over the past 12 months and average sales price $469,818

Lely Resort – 78 properties for sale, 164 properties closed over the past 12 months and average sales price $308,754

Mediterra – 20 properties for sale, 12 properties closed over the past 12 months and average sales price $538,153

Pelican Bay – 111 properties for sale, 234 properties closed over the past 12 months and average sales price $1,030,539

Pelican Marsh – 31 properties for sale, 81 properties closed over the past 12 months and average sales price $385,526

Talis Park – 27 properties for sale, 30 properties closed over the past 12 months and average sales price $850,437

Tiburon – 17 properties for sale, 35 properties closed over the past 12 months and average sales price $782,669

Vineyards – 41 properties for sale, 120 properties closed the over past 12 months and average sales price $355,298

 

 

 

 

Bonita Springs Luxury Golf Community Trends (Condos)

Bonita Bay – 66 properties for sale, 123 properties closed over the past 12 months and average sales price $796,447

Palmira – 8 properties for sale, 26 properties closed over the past 12 months and average sales price $322,431

Pelican Landing – 25 properties for sale, 80 properties closed over the past 12 months and average sales price $337,826

Pelican Landing (The Colony) – 46 properties for sale, 61 properties closed over the past 12 months and average sales price $877,870

 

 

 

 

 

Estero Luxury Golf Community Trends (Condos)

Miromar Lakes – 41 properties for sale, 42 properties closed over the past 12 months and average sales price $561,643

Pelican Sound – 4 properties for sale, 58 properties closed over the past 12 months and average sales price $305,566

Shadow Wood – 8 properties for sale, 31 properties closed over the past 12 months and average sales price $357,332

West Bay Club – 11 properties for sale, 24 properties closed over the past 12 months and average sales price $466,767

 

 

 

 

 

Fort Myers Luxury Golf Community Trends (Condos)

Gulf Harbour Yacht and Country Club – 34 properties for sale, 78 properties closed over the past 12 months and average sales price $462,680

Summary of Southwest Florida Golf Community Trends

Overall, the latest golf community trends for Luxury homes throughout Naples, Bonita Springs, Estero and Fort Myers show the market for luxury properties continues to reflect the reduction in inventory. Similar to last month, there are a few golf communities with an oversupply of inventory and therefore are considered still great buying opportunities.

Whether you are considering a single-family home or a condo in a luxury golf community, inventory levels vary by community. A healthy level of inventory is between 6-7 months of supply of properties available. Since each community varies we recommend you use a real estate agent familiar with golf communities to navigate your way through your options.

Here are a couple of examples to show why it is important to have a very good understanding of the community and whether the inventory levels are healthy, or have high or low supply. Kensington only has 3 homes for sale and only 2.25 month’s supply of inventory which makes single family homes in this community a seller’s market. On the flip side, if you were looking for a single family home in Mediterra, there’s over a 10.86 month’s supply of Naples homes for sale making it a buyer’s market.

Also, fewer Luxury Golf Communities have more than 10 months’ supply of single-family home inventory. They include Pelican Landing, Mediterra and Miromar Lakes.

Golf communities with at least 10 months’ supply of luxury condos include Grey Oaks, Kensington, Mediterra and Miromar Lakes. So, if your a luxury home buyer, now would be a great time to look at property in one of these communities since there is an oversupply of luxury properties for sale. As a result, there should be room for negotiating a great price.

Contact us today to help you identify the best Southwest Florida golf community for you and your family and ensure the best return on your investment. At the same time, we will make your transaction as effortless as possible.

If you do not see a snapshot of the southwest Florida luxury private golf club community you are interested in, contact us for complete market analysis.

Begin Your Own Search for a Luxury Dream Home in a Private Country Club:

The Latest Naples Naples Weekly Housing Recap

The latest Naples weekly housing recap for the third week of July shows there were 353 Homes Sold compared to 336 properties sold the previous week.

North Naples remained in the top spot with 80 real estate transactions for the week, up significantly from 68 sales during the prior week. Of the 80 sales, 5 percent were vacant lots, 60 percent were single family homes and 35 percent were condos.

The Corkscrew area had unusually high activity for the week with 64 real estate transactions.  Sales were composed of 13 percent condos, 34 percent were single family homes and 52 percent were vacant lots. The remaining property sold was a mobile home.

East Naples moved into the third position with 57 real estate transactions for the week of the 20th compared to 61 sales during the week of July 13th. East Naples home sales consisted of 14 percent vacant lots, 49 percent single family homes and 37 percent were condos.

Finally, the City of Naples rounded out the week with 41 home sales compared to 50 sales during the previous week. They were made up of 9 percent were vacant lots, 37 percent single family homes and 54 percent condos.

In summary, the latest real estate transactions review for the week of July 20th show Naples homes sold were broken down as follows: 123 condos, 160 single family homes, 67 vacant lots and 3 mobile home sold throughout Collier County.

Naples Luxury Home Sales Report

Thirty-five Naples luxury homes sold during the week. Luxury home prices ranged from $1,025,000 to $7,200,000.

• $1,000,000 – $1,999,999 price range – 25 homes sold
• $2,000,000 – $2,999,999 price range – 6 homes sold
• $3,000,000 – $4,999,999 price range – 3 homes sold
• $5,999,000 – $9,999,999 price range – 1 home sold
• 10,000,000 plus – 0 homes sold

Naples Weekly Housing Recap for the Week of July 20th – Organized by zip code:

City of Naples

• 34102 – 15 properties sold (3 vacant lots, 5 single family homes and 7 condos)
• 34103 – 17 properties sold (1 vacant lot, 5 single family homes and 11 condos)
• 34105 – 9 properties sold (5 single family homes and 4 condos)

North Naples

• 34109 – 19 properties sold (10 single family homes and 9 condos)
• 34110 – 21 properties sold (2 vacant lots, 9 single family homes and 10 condos)
• 34119 – 40 properties sold  (2 vacant lots, 29 single family homes and 9 condos)

East Naples

• 34104 – 21 properties sold (4 vacant lots, 12 single family homes and 5 condos)
• 34112 – 19 properties sold (1 vacant lot, 8 single family homes and 10 condos)
• 34113 – 17 properties sold (3 vacant lots, 8 single family homes and 6 condos)

Ave Maria and Immokalee

• 34142 – 7 properties sold (1 mobile home, 2 vacant lots and 4 single family homes)

Barefoot Beach

• 34134 – 1 property sold (1 single family home)

Big Cypress

• 34117 – 14 properties sold (9 vacant lots and 5 single family homes)

Chokoloskee

• 34138 –  1 property sold (1 condo)

Coco River

• 34108 – 23 properties sold (1 vacant lot, 7 single family homes and 15 condos)

Corkscrew

• 34120 –  64 properties sold (1 mobile home, 33 vacant lots, 22 single family homes and 8 condos)

Eastern Collier County

• 34114 – 32 properties sold (1 mobile home, 12 vacant lots, 15 single family homes and 3 condos)
• 34116 – 6 properties sold (5 single family homes and 1 condo)

Goodland

• 34140 –  2 properties sold (1 single family home and 1 condo)

Marco Island

• 34145 – 26 properties sold (3 vacant lots, 9 single family homes and 14 condos)

The Surging Real Estate Market Continues to Climb

The latest housing reports show the housing market continues to soar. Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following:

Another TwinEagles House Sold

Congratulations to a great couple from Chicago who just purchased this TwinEagles House. TwinEagles offers a lifestyle in a private Naples golf community that is hard to beat! In addition to two championship golf courses, residents have access to a new community swimming pool and fitness center, Har-Tru tennis courts and two community parks. Finally, there are more than 1,100 acres of walking paths and nature preserves for all to experience a relaxed and peaceful environment.

TwinEagles House Sold – 12590 Fenhurst Way – Sold Price $540,000

More About This TwinEagles House:

This large single family pool home has an open and airy floor plan with a southern exposure. Located in a private Naples gated golf community, this home has spectacular views of the golf course and expansive lake. Sit back and relax on the extended lanai and take in the golfers playing one of two fantastic golf courses. And most importantly, a full golf membership is included with the purchase of the home.

• List Price $549,000
• Sold Price $540,000
• Single Family Home
• Three Bedrooms Plus Den
• Two Bathrooms
• Two Car Garage
• Square Feet: 2,249 under air

More About Twin Eagles

Twin Eagles is a luxury golf community in Naples which sits on 1,115 acres of land. There are two Championship Golf Courses offering very different and unique golfing experiences. The Talon, by Jack Nicklaus, has the traditional wide-open fairways. And The Eagle Course, designed by Steve Smyers, was named “Best New US Private Course of The Year” by Golf Magazine.

This luxury Naples golf community offers a bundled golf membership with the purchase of your home.  A fabulous 47,000 square foot clubhouse overlooks the 18th hole of the Talon course.

Begin Your Own Naples Property Search:

September 17th, 2020 Posted by Naples Golf Guy

Ready to Sell Your Home? Homebuyer Traffic Is on the Rise

If you are ready to sell your home, now is a great time to list your home. Buyer activity is continuing to rise and inventory remains low. Let’s connect to discuss why selling your house now could get you the price and terms you’ve been waiting for.

 

 

How Low Inventory May Impact the Fall Housing Market

The fall housing market is just around the corner. And real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale.