The inventory of properties available for sale in Venice (zip codes 34285, 34292 & 34293) has been declining.  There is currently a 6.1 month supply of inventory, and 1,092 homes for sale.  A 6 month supply is considered “neutral”, i.e., a fairly balanced market between sellers and buyers.  The current inventory is lower than at any [...]

In my “State of the Real Estate Market --- Venice --- June 19, 2011”, I said, “... If banks continue to release Distressed Properties in Venice at the current pace, it should not significantly reduce prices or increase inventory.”  Well, David Streitfeld, writing for the New York Times, “Backlog of Cases gives a Reprieve on [...]

The inventory of homes available for sale in North Port has been declining.  There is currently a 4 month supply of homes available for sale.  A 6 month supply is considered “neutral”, i.e., a fairly balanced market between sellers and buyers.  As of May 31, 2011, there were 606 homes for sale.  At year’s end, December 31, 2010, [...]