Punta Gorda, FL home prices and housing market

Punta Gorda home values have dropped about five percent in a year, and homes now sit nearly a hundred days before selling. Here is what that means if you are thinking about selling this year. The typical home here is now worth about three hundred twenty-five thousand dollars, down roughly five percent from where it stood a year ago. Meanwhile, sellers are still listing at a median of about three hundred fifty-five thousand dollars, a gap of roughly thirty thousand dollars above what homes are actually valued at. There are nearly eleven hundred homes on the market right now, and only about two hundred seventy six new listings came on this past month, so supply is not clearing out quickly. Here is the catch. Because homes are sitting, nearly one in five listings has already cut its price to attract a buyer, and the typical home is taking about ninety eight days to go under contract. If you are selling, price at or just below real market value from day one. In this market, aiming high means months of waiting followed by a price cut anyway, and buyers can see it coming. To find out what your Punta Gorda home is actually worth today, get a free home value estimate at Home Value Pros dot com.