If you check the price the home has sold for, versus the price it was listed at, you will see how much it has become a "buyer's market." My neighbor has had his designer home (with many improvements/upgrades) on the market for going on six months and has had NO/NO offers. He has dropped the price three times since he put it on the market and it is now priced $50K less than the same homes went for just 8-9 months ago. If you check the final sale price of homes listed in the Villages and compare them to the listed price, you will see the actual price reduction. Even though equity and inflation has brought prices up on homes, today's prices are generally lower than they were early last year. It IS a buyer's market today. What it will be tomorrow is a different matter. Maybe the interest rate will go down again and give homes sales a boost?
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