There appears to be a normalization of housing prices. The average cost of housing over the past 30 years has increase around 4.5% but this is an average and includes some wild upwards and downwards swings. We are just exiting a wild upward swing that occurred during the COVID years where sellers were seeking and getting annual increases of 20-40%. Housing in the villages have a high turnover rate. Those who bought in the last 5 years likely paid inflated prices relative to the average and the seller in a buyer's market is always the last to accept the trend. I have seen homeowners on this site talk as though the 20% annual increase is a reasonable expectation. I have also recently seen sellers lower their asking price by over $200K as reality sets in. If you bought recently, you will probably have to wait a while until you can expect to sell it for more than you paid.
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