Quote:
Originally Posted by Altavia
Yep, still selling at their historical rate of +50 a week.
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Posting pictures of closings does not show the reality of the housing market. Inventory continues to rise because demand is not meeting supply. Simply put, there are MANY MORE HOMES AVAILABLE THAN PEOPLE BUYING. Homes are sitting IN EVERY VILLAGE including new builds. All one has to do is look at the current listings on VLS and MLS. CURRENTLY OVER 1500 AVAILABLE. Average weekly closings of 50-70 VLS and 35-40 MLS doesn't even put a dent in that number. An equal or more amount of homes are being listed weekly to replace the amount that were sold. Inventory is going nowhere. We are in a buyer's market. Prices of homes are dropping. At this time, it is not wise to pay full asking price even on a new build.