Ignore user is your friend.

Correct
 

Yes, we all know the market isn’t great anywhere in Florida. The only ones that say otherwise are the cool aide drinking, Developer backing, stooges that have programmed their minds that if the Developer does well, everyone else does. They couldn’t be more wrong. We all live here. We care about our homes. It’s just that those with a false reality can be unbearable with their false Villages Sun type hype. Things aren’t going well right now, but they will again in the future at some point.

The correction has to happen, you can’t float on top of a bubble forever.

I get it. People handle information differently. If they want to ignore, so be it. Neither talking about this trend or remaining silent is going to change the situation. It is, what it is. The only people who benefit from rising inventory are buyers. If smart, they will be able to purchase a home at a great discount.

Agreed
 

Agreed. Reality governs us all. Eventually when we do see the bottom in pricing for the market, many will benefit from buying when we get there. The initial premise of the whole thread was inventory issues. It is going up, prices are coming down.

How does rising inventory affect me in a negative way (I am part of ALL homeowners)? Other than a possible open house, if the home next to mine was for sale I would have no idea. In fact, if having the home on the market meant the owner paid a bit more attention to the external appearance of the home then it actually benefits me. If new homes are selling slower it means slower crowding in restaurants, stores, squares, and roundabouts.

While some have given numbers for pre-owned homes on the market, I haven't seen any statistics showing the percentage of those homes on the market is atypically high. It could be there are usually X% of homes for sale at any time and as the number of homes increases, so does the size of X%.

As for new homes, are there more on the market because sales have dropped off or are there more on the market because the Developer has increased production? If they are selling about 300/month then they are on track to meet the number from previous years. If at the same time the number on the market is increasing all it would show is that he is building faster than in previous years.

Nah... I like to read all opinions. But it does get tiresome...

Only one person is on my "ignore list". It's someone who actually threatened me, challenging me to a fight...

There has been an increase in average inventory but the average amount of buyers has not increased. If you need to sell your home, you will be facing fierce competition trying to grab one of the few buyers. If you do not succeed, you may have to drastically reduce asking price or take your home off the market. Currently, there are over 1500 homes available. There is NOT a buyer for every home. If your neighbor cannot sell his home, he may choose to rent. Or, take a large loss just to get out. This will reduce the value of your home.

Prices are dropping. The value of your home may continue to be less if the trend continues. If you are a homeowner who intends to stay in the same home until you croak, it is possible you may see a slight reduction in property taxes.

I am using this alarming trend as a reminder to keep my home in pristine condition. No pink walls, crazy color cabinets, floors that don't match etc. If there comes a time that I need to face the competition, I want my home to look its best. A family member is currently looking for a home. She is going to avoid types of homes that are being hit the hardest.

House Built
 

We had a new home built that we are now renting. We will sit on it for a while. We have a second home in Clearwater for our boat. The home is great but the same issues with the housing market is going on there. It isn’t just the villages that has been hit with this market pressure. Unfortunately some of our nest egg is lost for now. When we set sail south and return in Augustthings could be different. It doesn’t really matter if you don’t want to sell your home though. Enjoy life. The money will co,e back someday.

Pose the general question as to when most homes are listed in The Villages, Florida to one of the agencies listed below;

Homes in The Villages, FL are listed throughout the year, but there isn’t a specific peak season for listings. However, spring and early summer tend to see increased activity. If you’re interested in current listings, you can explore options on platforms like Zillow, Berkshire Hathaway HomeServices, Realtor.com, or Trulia.

Disclaimer; I am not, nor ever have been in Real Estate. I wonder how many posting on this thread are realtors.

Hi graciegirl,

Thanks for your response to the post. Hope you are well.
Craig

This post got a bit off the rails. I was just posting about a larger than normal number of listings added overnight. Normally there are less than ten new listings per day on the MLS. Last night was over a hundred. Anyhow, Thanks for all the thoughtful responses. :posting:

JM - so true. Let’s you and I start an investment company, buy all this investors at dirt cheap prices hold, and when the ocean’s rise we will own a fortune in beach front property (or at least our grandkids will).

[QUOTEf=Craig Vernon;2338708]As I have said on here before my wife and I have been watching the real estate market in TV for our near-term purchase for retirement. This morning 6-8-24 listings increased from 536 to 635 over night. Interesting turn of events?[/QUOTE]

511 now.
I reckon 124 sold today.

Interesting turn of events - turns into Nada. 12 hours later, its 510 homes on Zillow.

Good point. The increase may well be due to timing of when the listings hit. As you say let’s see where this goes