Quote:
Originally Posted by Jayhawk
Months’ supply.
Housing economists track the balance between supply and demand with metric known as “months’ supply.” It presents how many months it would take to use up the current supply of homes at the current rate of demand. It takes into account current inventory, rate of replacement and the rate of disappearance. A six-month supply is considered healthy.
How to Tell if Your Local Real Estate Market Is Healthy | Total Mortgage Blog.
With approximately 2000 homes sold monthly in The Villages, there would need to be 12,000 homes listed for sale at any given moment. That would be at least 20% of the approximately 60,000 homes currently in The Villages (new and pre-owned).
I would bet there aren't more than a thousand resales through MLS, and maybe double that through The Villages re-sale agents.
In other words, the market is STRONG and the activity you are seeing is not a cause for concern. If anything, there are not enough re-sales to satisfy demand, given the number of buyers who want to land in the more developed neighborhoods. |
According to the Villages listings in the Daily Sun, they have sold around
1,990 pre-owned homes from June of last year through June of this year. This yearly total amount is a little bit behind their sales of pre-owned houses from two years ago.