If current conditions are a precursor for future events, it appears that the real estate market in Venice is stabilizing. The above chart shows home sales in Venice for the past twelve months. These are the highlights: 
- The number of homes for sale continues to drop. As of September 30, 2011 there were 966 homes for sale vs. 1,215 homes for sale 1 year ago, a 20.5% drop.
- Likewise, new listings are decreasing, 162 new listings in September, compared with 176 in August; whereas, in September 2010 new listings increased to 215, from the previous month’s 186.
- The supply of homes, based on the rate of closed sales, usually increases during the summer and fall months. This is no exception, although, the increase is significantly less than last year --- September 2011 showed an 8.8 month supply of inventory; in September 2010 it was 11.6 months.
- The average price was $165,000 in September 2011; in August it was $164,000. One year ago it was $160,000; so, year to date the average price increased 3.1%.
- The overall average price, on a square foot basis, went up 1.7% from August to September, from $98/sq. ft. to $100/sq. ft.; interestingly, it was $100/sq. ft. in September 2010.
