Talk of The Villages Florida - View Single Post - Home Prices Coming Down Nicely
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Old 03-25-2024, 05:17 PM
margaretmattson margaretmattson is offline
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Quote:
Originally Posted by frayedends View Post
Not quite a buyers market. Because of the high interest rates people aren’t selling. Of course if they are moving to Florida to pay cash they will sell. But that’s not most people. People don’t want to trade their 3% mortgage for a 7%. So there is very low inventory. Seeing multiple offer situations a lot. Spring market is picking up as people are realizing these rates are the new normal.
There is NOT LOW inventory in the Villages. VLS and MLS preowned homes combined have approx 1000 homes available. Denham and Dabney are moving at a snails pace. Moultrie Creek lots are also moving slowly. The enclave still has many lots available.