The Villages - Home Inventory About To Increase Again?

If this chart is true, we are about to see the seasonal slow down and ramp up of home inventory again throughout Florida and The Villages. Over the last 8 months listings have surpassed sold sales, even during the busy buying season, creating a huge ramp up of home inventory in The Villages and the State of Florida. No one has a crystal ball, but if this chart is true, expect more inventory to hit the market.
The Villages Florida is a 55+ retirement community, located in Central Florida. As Eastport takes off with new builds, existing inventory is building up across other area's of The Villages and showing signs of stagnation. Should you list your home with The Villages? Are prices continuing to drop? Only time will tell but over the last 12 months it has been obvious that a change to the real estate market in The Villages was and is continuing to happen. If you are looking to buy or sell in The Villages, reach out to us today or visit our website at www.gilborealty.com to start your search. Thanks for watching and don't forget to like and subscribe if you have a moment.
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Have a rockin day!
Mark Gilbo
Gilbo Realty
NY & FL
Lic. Real Estate Broker
315-804-4847
www.gilborealty.com
[e-mail]
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[@gilborealty]

Let me know what you think? Inventory up or down?

[@jimroschli9552]

Lots of overpriced 300 K homes clogging up the market. Never dropping $.

[@roxysdad40]

Seems like there is a soft middle; those folks who like and want a TV lifestyle but are more and more willing to wait this out and see what happens….

[@gregr1416]

I don't have any sympathy for the people listing their year old house and expecting to make hundreds of thousands in profits. As I recall, traditionally (pre-covid at least), one could expect to need on the order of 5-7 years of appreciation just to come out even after commissions and closings costs and everything. These sellers today get their feelings hurt when they're not making 30-50% profit sitting on a house for 10 months.

[@NM-js8ky]

Well it was 3-4 years, but definitely far different from the ridiculous expectation these days - particularly from the people in the villages