Strong Summer Continues Through June
A blistering housing market in The World Golf Village has lead to a very strong Summer of activity. Current listings are being sold at a quick pace and listing prices are falling slightly but are still high. While a relatively modest increase, there were still more houses entering the market than any other period this year.
Low Days On Market
Even though the Median Days on Market rose 21% from 39 days to 47 days, it’s still a very good rate for our area. This is to be expected as we maintain a strong Summer housing market in The World Golf Village. Based entirely on what we are seeing in the market, an appropriately priced home can expect to sit anywhere from 35-50 days before being sold.
More Inventory Entering The Market
We saw a 7.9% increase in the number of listings currently on the market. This may be one of the first signs of the market slowing as we enter the latter half of Summer and begin to enter the Fall market when school begins.
The increase in inventory is not a concern for sellers as long as the number of sold listings stays strong, which it has, nearly mirroring the number of sold listings in May, 126.