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Originally Posted by BrianL99
I disagree, specifically as it pertains to The Villages pre-owned home market.
As people are fond of proclaiming, "The Village market is different than a traditional market". It is, in some ways.
While "Days of Inventory" is one of the most critical considerations when characterizing most any sort of market, consideration has to be given to the historical average vs current conditions. Not an absolute statement that a 4-6 months supply equals a healthy market.
The days of when 4-6 months supply equal a healthy market in a desirable area, are long gone. That might work in Peoria, but it doesn't in Metro Boston, NY, LA, or any other large metro market, that's seen huge appreciation in the post-Covid world. IMO, The Villages falls into that category. 4-6 months supply of inventory in TV, is a harbinger of rapidly declining prices.
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Maybe, but there are at least 50,000 or more "not new construction" homes in The Villages. If 3% of pre-owned homes (about 1,500) are listed for sale at any moment, that is not an unusual market in pretty much any geographic area. Certainly, the sky is not falling.