[Topspinmo]

Always home for sale in villages and everywhere else, most sell within two months, always will be. People die, move, and move on.

[Rwirish]

Lots of homes on the market. A glut of houses.

[MandoMan]

Originally Posted by Timothyimitchell

If I counted correctly TV website has over 1200 homes and or home sites for sale. And I think they have more they don't show ? MLS has 300. Is a glut forming?

None for sale in my village. I think people just don’t want to live near you! (I’m joking!)

Actually, if there are more than usual, it may be because a lot of people who would have otherwise put their house up for sale put it off because it was difficult or impossible to show houses for several months. Now houses can be shown, though with limitations, and plenty are selling.

[DrBrutyle109]

Originally Posted by Timothyimitchell

If I counted correctly TV website has over 1200 homes and or home sites for sale. And I think they have more they don't show ? MLS has 300. Is a glut forming?

They sell between 300 and 400 houses a month new and used

[Bill1701]

Originally Posted by Timothyimitchell

If I counted correctly TV website has over 1200 homes and or home sites for sale. And I think they have more they don't show ? MLS has 300. Is a glut forming?

I'm not sure I would call it a glut, but there are a lot more homes for sale than usual. It seems that a new one pops up every few days in my area - Pine Ridge.

[jbrown132]

Originally Posted by Timothyimitchell

If I counted correctly TV website has over 1200 homes and or home sites for sale. And I think they have more they don't show ? MLS has 300. Is a glut forming?

I think there are many factors involved. Many people who move to The Villages, will buy an sell an average of two to three times. Then as an older population people either, unfortunately pass away or move back to where they came from for health or family reasons. Finally, there are those who leave as the The Villages has gotten so big some early buyers sell as they feel this is not what they signed up for when they originally bought when TV was supposed to be capped at about one hundred thousand. For these reasons I think there will always be a lot of homes for sale. With that said, if your home is in a good location and priced right my guess is it will sell in a very short time.

[vintageogauge]

2% of the homes available is about right for a normal market and that is where it stands based on your figures.

[mikeritz53]

Originally Posted by Timothyimitchell

If I counted correctly TV website has over 1200 homes and or home sites for sale. And I think they have more they don't show ? MLS has 300. Is a glut forming?

I am a Realtor here and there are a lot more homes on the MLS than last year (2019 was around 210 at this time). I attribute it to the economy due to the Virus. I was a Mortgage Broker during the 2008-2009 Mortgage debacle and 2nd/Vacation Homes were the properties that sufferered the most as people had to tighten their belts to survive.

[Travelhunter]

Originally Posted by Bill1701

I'm not sure I would call it a glut, but there are a lot more homes for sale than usual. It seems that a new one pops up every few days in my area - Pine Ridge.

A lot of people are buying new homes

[Dlbonivich]

There is 2.6 months of inventory 3.0 months is considered low. New homes are a different story. But I am under the impression that TV never has a problem selling them.

[TandHSTAR@AOL.com]

Been here 23 yrs. Homes are being sold because people died, moved north because of health issues. Homes sell pretty fast. Not so much in the summer . Don't think the coronavirus has anything to do with sales. Where are they going to move to? Virus is everywhere. Some states worse than Fl. Check out other surrounding communities bet you will find they take longer to sell a house than here.

[Timothyimitchell]

Originally Posted by Choro&Swing

None for sale in my village. I think people just don’t want to live near you! (I’m joking!)

Actually, if there are more than usual, it may be because a lot of people who would have otherwise put their house up for sale put it off because it was difficult or impossible to show houses for several months. Now houses can be shown, though with limitations, and plenty are selling.

We are from Washington State and are in the market to buy a home in TV. Just trying to get a feel for the market before we pull the trigger. Just a question, not meant in a negative way at all. By the way, my neighbors all LOVE me.

[peggyb]

We also have to remember that these houses for sale could represent people downsizing, or buying bigger, or just moving to a different village all within The Villages.

[sallybowron]

Originally Posted by Timothyimitchell

If I counted correctly TV website has over 1200 homes and or home sites for sale. And I think they have more they don't show ? MLS has 300. Is a glut forming?

Not really, this is high time for sales. Many future snow birds are looking to find their own place. Many homes are priced a bit lower in the summer. There are reasons for this.

[bobm3]

Originally Posted by melpetezrinski

Yes, a glut is starting to form. You just have to look at the supply of homes and it's movement over the course of the year. We went from 6 months of inventory to over 10 months on hand in less than a year. Just look at Zillow for the month of July and you will see 89 homes added and 15 price cuts with only 49 homes sold.

Zillow only shows homes for sale that are on the multilist (i.e. outside agencies). This post may suggest that resale homes sell faster if listed with TV.