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Originally Posted by MikeN

So true. We have a 3/2 corner lot veranda and it’s been on the market for four months. Little interest. Gutters, lanai shades, updated landscape, three car garage, water softener etc. the issue is the developer has these half million dollar fixer uppers for a seemingly bargain but aren’t when you factor in all the improvements

We are undergoing an inventory explosion like the Villages has never, ever seen. There isn’t any good news on that front until at least early March for now. Lending rates are staying the same and insurance is only going up. We will likely see many homes at 75 days on market and a lot more sold homes will have actual pricing at 200 per square foot. Indicators of all this are the actual numbers which are still climbing. Zillow, real estate.com and others all paint the same picture on inventory. An MLS with nearly a thousand homes and the scaling back of new construction are staring boldly at all of us.

There is a possible amelioration? Labor tightening because of deportations could come into play? It is still too early to know that though. Perhaps a ray of sunshine shine on the market after the Fed meeting in mid March?

Now is neither the time to sell or buy. The market is saturated and prices haven’t decreased enough. If I was a buyer, I would focus on the trending reaction after the Fed meeting in March.