[Timothyimitchell]

Does anyone have any numbers on current homes on the market in TV? Either in the MLS, or the Villages listings or both? Seems as though a lot of homes are currently for sale.

[retiredguy123]

Originally Posted by Timothyimitchell

Does anyone have any numbers on current homes on the market in TV? Either in the MLS, or the Villages listings or both? Seems as though a lot of homes are currently for sale.

I counted 1,601 houses for sale in The Villages, including 1,153 houses listed by The Villages, and 448 houses listed on Zillow. That is more than double the number about 2 months ago.

[Jayhawk]

Originally Posted by Timothyimitchell

Does anyone have any numbers on current homes on the market in TV? Either in the MLS, or the Villages listings or both? Seems as though a lot of homes are currently for sale.

Months’ supply.

Housing economists track the balance between supply and demand with metric known as “months’ supply.” It presents how many months it would take to use up the current supply of homes at the current rate of demand. It takes into account current inventory, rate of replacement and the rate of disappearance. A six-month supply is considered healthy.

How to Tell if Your Local Real Estate Market Is Healthy | Total Mortgage Blog.

With approximately 2000 homes sold monthly in The Villages, there would need to be 12,000 homes listed for sale at any given moment. That would be at least 20% of the approximately 60,000 homes currently in The Villages (new and pre-owned).

I would bet there aren't more than a thousand resales through MLS, and maybe double that through The Villages re-sale agents.

In other words, the market is STRONG and the activity you are seeing is not a cause for concern. If anything, there are not enough re-sales to satisfy demand, given the number of buyers who want to land in the more developed neighborhoods.

[Goldwingnut]

new homes is about 550 homes. Taken with retiredguy123's counting, these numbers are higher than usual but the ratios are pretty constant with historical numbers.

[Jayhawk]

Originally Posted by retiredguy123

That is more than double the number about 2 months ago.

Two months ago COVID was raging, and summer months are generally when people try to sell.

Seems very normal to me.

[twoplanekid]

Originally Posted by Jayhawk

Months’ supply.

Housing economists track the balance between supply and demand with metric known as “months’ supply.” It presents how many months it would take to use up the current supply of homes at the current rate of demand. It takes into account current inventory, rate of replacement and the rate of disappearance. A six-month supply is considered healthy.

How to Tell if Your Local Real Estate Market Is Healthy | Total Mortgage Blog.

With approximately 2000 homes sold monthly in The Villages, there would need to be 12,000 homes listed for sale at any given moment. That would be at least 20% of the approximately 60,000 homes currently in The Villages (new and pre-owned).

I would bet there aren't more than a thousand resales through MLS, and maybe double that through The Villages re-sale agents.

In other words, the market is STRONG and the activity you are seeing is not a cause for concern. If anything, there are not enough re-sales to satisfy demand, given the number of buyers who want to land in the more developed neighborhoods.

According to the Villages listings in the Daily Sun, they have sold around 1,990 pre-owned homes from June of last year through June of this year. This yearly total amount is a little bit behind their sales of pre-owned houses from two years ago.

[champion6]

Originally Posted by Jayhawk

<snip> With approximately 2000 homes sold monthly in The Villages, <snip>

This is WAY OVERSTATED. This is closer to reality: "With approximately 2,000 new homes sold annually in The Villages"

My guess is that 300-400 new and preowned homes are sold monthly, TV and MLS combined.

[Jayhawk]

Originally Posted by twoplanekid

According to the Villages listings in the Daily Sun, they have sold around 1,990 pre-owned homes from June of last year through June of this year. This yearly total amount is a little bit behind their sales of pre-owned houses from two years ago.

Right you are. Got my months and years screwed up. Too many zeros.

Thanks for the correction.

[Timothyimitchell]

Seems like a year's supply of homes on hand is alot.

[Rwirish]

People moving out of dodge and fewer people moving in.

[Fisherman]

The Villages does not advertise length of time on the market. Zillow does. When I was looking in November, resale inventory was at an all time low. Realtors were getting very worried about getting listings in 2020. I sold my home in 4 days. I was looking for something between $400K-$500K between 466A and 44. The Villages had 8 and MLS had 12. There were two for sale by owners. Now I look and the numbers are way up, and on Zillow, the length of time on the market is getting longer and many homes are now reducing their prices. This may be a seasonal thing, but supply is definitely increasing and the market is not as hot as it was. My Villager realtor (used when I was buying) said there has been a significant slow down. My other MLS realtor that sold my house said the same thing.

[Craig Vernon]

I have been watching these listings for over a year. The numbers of listings are going up but so far there has been little decrease in prices. The most interesting thing to me is that TV listings stay pretty close to 200$ a sq ft which is far higher than MLS. Anyway I will be a buyer hopefully soon.

[Tom Dumansky]

As of today, 6/25, there are 378 preowned homes active FOR SALE on MLS. There are 455 preowned homes active
FOR SALE On VLS.

[coconutmama]

Originally Posted by Timothyimitchell

Does anyone have any numbers on current homes on the market in TV? Either in the MLS, or the Villages listings or both? Seems as though a lot of homes are currently for sale.

Do not have actual numbers, but the trolleys, that used to go by our home, have yet to reappear. Used to see them about every hour And often more frequently than that. An indicator to us that sales have slowed amid virus concerns.

[jimbo2012]

I'm selling soon (building now) so have been watching & speaking to brokers.

They say they are using videos more often and many are sold right off the video