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My market ain't purdy!!
I'm curious, how are things going in your market area? I was doing a little research on my market, Poinciana Fl, this morning and discovered that sales are down 59% from same period last year (Jan 1-Apr 24). Last year, this period, there were 360 closings, this year 137. That's a pretty drastic change. There are also currently 1,734 active listings in my two zip codes. So, if you do the math, there is more than two years worth of inventory in Poinciana! Also, our 2 largest builders, Avatar (the developer) and Maronda Homes have just slashed their prices by approximately 15% over the last 30 days.
So folks, it ain't a purdy picture. Now, fortunately for me, my numbers are about the same as they were last year. I've had 12 closings and I have 22 active listings. I'm still on tract to have 40 closings, this year, which is always my target. I must say though, it has been very difficult to keep my business on tract. Pricing has been the key. Values are declining rapidly and I really have to be picky on what listings I take. I'm fortunate that I get a lot of calls so I am ... more

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