Talk of The Villages Florida - View Single Post - Highest number of listings in over two years and growing...
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Old 01-13-2024, 05:47 PM
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Quote:
Originally Posted by MrChip72 View Post
For most of 2023, many people were delaying selling until interest rates started backing down and resale prices were stabilizing. It seems like that time is now.

At the very least, average time on the market is a better indicator of what's going on than number of homes on the market.
Not according to Treasury’s. The market is still way from the bottom. December median sales price in the Villages is 377,262, down 7,751 off of December the year before. Also, the number of homes sold is down 21.5% from November to December. 74.2 % of homes ended up selling for below asking. It is definitely a very poor choice to buy right now.
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Last edited by Normal; 01-13-2024 at 06:12 PM.