Real Estate Market Update | Venice FL | davidbarrhomes.com
- David Barr Realtor
- Jul 14
- 1 min read
I came across an interesting article from MarketWatch about home sellers taking their properties off the market, instead of reducing the listing price. I wanted to take a closer look at single family home sales stats for the month of June in Venice for Venice FL real estate.
According to the MarketWatch article, the "delisting" phenomenon is taking place in markets with increasing housing inventory. In many Florida markets, home sellers have to compete with new construction builders who are back to offering mortgage interest rate discounts, credits for closing costs, and other incentives like free pools.
Complementing the Marketwatch article, our local MLS shows there was a total of 63 single family homes "withdrawn" in this area in the month of June. Notice an increased number of single family homes sold in June compared to last year, contrary to national trends.
I'm not surprised that home owners are getting frustrated and taking their homes off the market locally. They're probably getting bad advice.
63 homes taken off the market in Venice, compared with 168 sold, is a huge number that shouldn't be overlooked, especially when I'm working with you as your buyer's agent. If you're selling your home, is temporarily taking your home off the market a tactic that could work in your favor?
Contact me about your particular situation 941-993-6853 david@davidbarrhomes.com
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