Inventory of preowned homes going up ?
 

I don’t have the data to say that preowned homes sales in the Villages have come to a slow down. However, there are now a lot more homes listed for sale on the Villages internet sales site. Has anyone else noticed this? A few homes that I have been tracking have also reduced their listing price. This situation is quite a change for just three months ago.

I believe that's what's happening for two reasons. First, this time of year inventory typically increases and Second, intrest rates have gone up so there are less people looking for homes, especially overpriced homes.

I agree. It is nothing to hear "price reduced" multiple times on properties advertised on WVLG.

Reality is setting in, I think.

Yes we are settling back to more normal stats.

Same thing in MLS listings, asking prices are being marked down.

Facts & Data would tell.

But what the hell, let's jus speculate.............it's more fun.

:a040:

When homes in my village take a month or more to sell compared to months ago sell within days that is a good indication the market has slowed.

Here is some sales data from 5/27/22
https://www.youtube.com/watch?v=IcOPKM-WSAE

Will be interesting to hear him talk again with current June sales data!

Here is June 3rd update!

https://www.youtube.com/watch?v=tSSKRTgaBuo

a new renter next door to me was looking to purchase a home in the villages. The realtors were "told" to PUSH the new construction homes first and hold back on pre-owned homes. They were getting very mad because they wanted an area in the Northern end of the Villages not the Southern. The realtors kept "pushing" the newer homes..etc.. the couple canceled the realtors and purchased a house through "sale by owner"... how true this is, beats me.

Not many new home on the market either. We have purchased 4 homes here, told our guy where we wanted to live and that’s what our Villages rep took us.
Maybe the newer reps want to sell new, it’s less work. But if you tell them preowned only, and they say no, they have a boss to complain to, and you can have a different rep in a heartbeat

Sounds like they were dealing with Villages agents who are notorious for pushing new builds. The same thing happened to me so I know first hand. Only Villages agents can sell new builds. Villages agents are NOT Realtors.

In print. Average days on the market April 22, May 14 no info available for June yet. Inventory for sale April to May down 11%. Average price down less than 1%. These are MLS figures only and do not included The Villages new or used homes, they had the figures in the Daily Sun a week or so ago and I believe the new homes were averaging 10 per day in May which was near the April figures, I can't remember the re-sales but they were also close to the April figures. If you look at The Villages re-sales in the daily paper that have been on the market long enough to have it advertised you will notice that there are far more for sale north of 44 than south but there are a lot more homes north of 44. I don't think they're going down on price much, we just sold one of our properties here and our agent told us to list it for more than I was thinking and it sold for more than I was thinking about 2 weeks ago. It seems that the homes that are obviously over priced sit for awhile but those priced where they should be go very quickly. I have noticed that patio villas with full 2 car garages go almost immediately as do 4 bedroom designers with either 2 plus a golf car garage or a 3-car garage. Now with interest going up it might slow down somewhat.

Been here since 2002, this is an urban legend.

Have 6 in my village sitting for weeks with no price cuts. Trajectory is down

Having first hand experience can say not an urban legend. The only preowned houses our sales agent took us to North of 44 were ones we picked out.