Signs of a Venice and Nokomis Real Estate Market Slowdown? Insights from David Barr Realtor

As I mentioned in previous posts, recent market activity keeps revealing some attention-getting numbers that can affect you as a home buyer or home seller.

For example, a home built and sold in 2015 just went on the market as of this writing, for almost double the original sales price.

In this subdivision, there are 35 single family homes for sale, with 49 days on market. That's not counting paired villas. It's been quite a while since we've had this much inventory for sale. Would you be getting anxious as a home seller after almost 2 months on the market, when not long ago homes were going under contract with multiple offers in a day?

How things have changed.

Venice and Nokomis real estate market supply and demand

If you are interested in buying, waiting for prices to go down, or making lower offers, might be your best play. There are motivated sellers, but not distressed sellers like we had in the Venice and Nokomis real estate market in 2008.

If you are interested in selling, I don't think time is on your side.

Summary: Price sells houses.

Give me a call to discuss your situation: 941-993-6853