Increasing Inventory, Decreasing Prices | Venice FL | davidbarrhomes.com

Real estate faithfully demonstrates the old adage. Increasing inventory results in decreasing prices.

I'm seeing this for the major newer home communities in Venice and Nokomis: Grand Palm, Islandwalk, Gran Paradiso, Sarasota National, and Toscana Isles. Take a look at how many units are for sale in these neighbrhoods.

Venice FL housing inventory for sale

Basic economics tells us that increasing product for sale results in lower pricing. This is happening right now in the Venice FL area, especially in the large, newer home neighborhoods. I'm seeing price reductions of up to $40,000 all over Venice and Nokomis.

If you're planning to list your home for sale in the near future, I'd love to hear from you and talk about how this will affect your sale and your net proceeds at closing. Home buyers, you have more leverage in a negotiation than you've had in years. Let's work together to take advantage and minimize your costs.

David Barr 941-993-653 david@davidbarrhomes.com