Quote:
Originally Posted by Craig Vernon
I have been interested in TV for several years and have been keeping a tally of available homes on a weekly basis for more than two years. I know my life is exciting and I need a better hobby. Currently as of 1-12-24 homes available for sale have reached a higher level than I have ever recorded and is growing quickly. Zillow 443 total listings/VLS preowned 492/VLS new 445.
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Since this is your dedicated hobby, over the last few years, your stats have reach the highest level, in January 2024. So what is the monthly percentage from last quarter of 2023 to January 2024.
Did the percentage grow each month in that percentage, making the statistics higher for January? Or did January increase greatly from the last quarter months.
Wouldn’t the new on the market be consistent as builds are released, was there a plateau on new vs preowned.
Are the new unsold homes in a certain areas, that seemingly are making new buyer take pause.
When Richmond East is released, bet there will be10 plus names on the list, village will be sold out in an hour of release. So new builds could just be a stall due to location.
In 2021 & 2022 there was so little new and preowned on the market stats weren’t really available. Our home like many others never hit online statistics since many were sold within days.
With rates still high, our financial guy thinks it will be end of 2024 before housing comes back to normal. But that’s his prediction, and he did tell us that home sales would greatly slow starting in November of 2023. Which it seems they have.
So in addition to your regular stats separate out new build by village, for comparison to see what is sitting or selling. That would give you a better idea on market for new homes.