Originally Posted by justjim (Post 2290445)

“Good time to buy”? Since 2006 I have “watched” the real estate market in The Villages. Many many houses are over priced IMHO. Even the Developer is discounting some new homes south of 44. Inventory of new homes is high in part because of the lack of commercial (supermarket, restaurants, etc.) south of 44 and high interest rates. Those that have a mortgage with a low rate but would like to move up into a “pricey” new or resale home won’t pull the trigger until interest rates move lower. No, I would wait to buy until the second or third quarter of 2024 unless I had cash and had to have a home immediately.

Originally Posted by billethkid (Post 2290342)

The point being?

Originally Posted by Normal (Post 2290429)

Inventory is trending up across the state. Perhaps the lull or peak buying time will be July or August? Analyst’s predictions are all over the place after that. For sure, now isn’t the time to buy. Prices are dropping in almost every market, not just here.

Originally Posted by Robbb (Post 2290492)

Ths point is last year this time there were app 300 homes for sale, today over 1,200. The end is coming.

Originally Posted by Robbb (Post 2290492)

Ths point is last year this time there were app 300 homes for sale, today over 1,200. The end is coming.

Originally Posted by blueash (Post 2290498)

I wonder what qualifies as a VLS new home? All new homes sold in TV are not available to VLS agents only to Villages sales agents. As I am not familiar with how zillow does its inventory.... I must be misunderstanding something

If there are 443 total, then how are there 492 preowned and 445 new?

Originally Posted by Bogie Shooter (Post 2290495)

Here is your post from Jan 2023, are you sorry you finally bought in TV? Some would call all this fearmongering,

"Default The end is near?
Of the rental market that is. I'm staying in Richmond on a small block, in that block 4 of the 12 homes are rentals, 2 of which are rented. Today on one of the rental sites there are 49 homes for rent in March. With new rentals coming on the market every day, Ya gotta wonder if home rentals in the Villages are the soon to be crash that everyone is fearing."

Originally Posted by billethkid (Post 2290342)

The point being?

Originally Posted by CoachKandSportsguy (Post 2290353)

either trying to time the market, works for pricing but stuck with the current inventory available at that time.

or

wants to buy but can't pull the trigger,

(friends of ours did the same and took them 5 years to buy their house)

Originally Posted by Caymus (Post 2290376)

Do you know what it was in late 2019 (pre-covid)?

Originally Posted by Laker14 (Post 2290388)

You should be able to find something that suits you among all of those choices.

Like you, I kept a close eye on the TV real estate market for many (like 13) years before pulling the trigger. I was working up in NY State and the time was not right for me until a few years ago, post-retirement.

An interesting thing I found was that while the number of homes listed seems like a crazy high number, we scratched off about 70% right away because we had a specific idea of where we wanted to be, which for us was south of LSL, north of 466A, and not too far from the Odell Circle-Bailey Trail loop. Then we removed all of the villas, because we didn't want a villa. I wanted a golf cart garage (which I didn't get but I did get an expanded garage which covers my needs), then I wanted a floor plan with the guest suite separated from my bedroom, and it had to be over a certain square footage, and under a certain number of dollars....and after all my wants and don't wants, the inventory was not that big, so....

If you are really really interested in TV, now may be the time to make a jump, and find a place that adequately meets your criteria.

Originally Posted by asianthree (Post 2290391)

Since this is your dedicated hobby, over the last few years, your stats have reach the highest level, in January 2024. So what is the monthly percentage from last quarter of 2023 to January 2024.

Did the percentage grow each month in that percentage, making the statistics higher for January? Or did January increase greatly from the last quarter months.

Wouldn’t the new on the market be consistent as builds are released, was there a plateau on new vs preowned.

Are the new unsold homes in a certain areas, that seemingly are making new buyer take pause.

When Richmond East is released, bet there will be10 plus names on the list, village will be sold out in an hour of release. So new builds could just be a stall due to location.

In 2021 & 2022 there was so little new and preowned on the market stats weren’t really available. Our home like many others never hit online statistics since many were sold within days.

With rates still high, our financial guy thinks it will be end of 2024 before housing comes back to normal. But that’s his prediction, and he did tell us that home sales would greatly slow starting in November of 2023. Which it seems they have.

So in addition to your regular stats separate out new build by village, for comparison to see what is sitting or selling. That would give you a better idea on market for new homes.