Things are normalizing now that we have emerged from the pandemic. The supply and demand equation was way out of wack during the pandemic.
A few other things....pandemic work-at-home ability allowed a number of people to relocate to FL before retirement. Many of those companies are no longer allowing unlimited work-at-home arrangements. Amazon just announced all their employees have to be back in the office 5 days a week by January 1.
I think that worries about increases in cost or availability of homeowner's insurance is on buyer's minds.
That being said, just because the market has a much bigger inventory does not mean that it is in trouble or in serious decline. I think it is returning to more normalized levels. There are still a lot of homes being sold here, both new and pre-owned. The Villages doesn't appear to be slowing down on their new home builds. I think that it's just not a huge seller's market anymore, buyers are back on level ground.
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