Quote:
Originally Posted by golfing eagles
Facts to back that up????
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Several threads on this subject were started back in September 2023. A few posters noticed homes sitting empty in Denham and Dabney. In January, many of us counted 250+ homes with new price reductions. It was very easy to find. On VLS, the homes now had bright red reduction prices. The 100 that remain still have the discount rate in bright red. As for Moultrie Creek, you can do a drive by or go on VLS. 200+ homes are available. This number goes up every week.
Historically, an average of 400 preowned homes were available on MLS and approx the same amount on VLS. (+ or - a few) Today, both sites are over 600 .
With a large amount of new homes built in the south, a rise in inventory was to be expected. The problem? The average amount of buyers has not increased. This is causing the large inventory. IMO, This is not likely to change anytime soon.