Punta Gorda, FL housing market

In Punta Gorda, buyers have more room to negotiate right now than they have had in a long time, and the numbers back that up. The typical home here is now worth about three hundred twenty-eight thousand dollars, down roughly 8 percent over the past year. At the same time, about one thousand two hundred homes are sitting on the market, while only around 250 new listings came on this past month, so supply is stacked up. Homes that do sell are taking around 92 days, roughly three months from listing to contract. Sellers are adjusting, with about one in six listings cutting its price. And notice the gap. The median asking price is about three hundred sixty-eight thousand dollars, well above the typical value, which tells you plenty of sellers are still priced above where buyers are actually paying. If you are selling here this summer, price it right from day one. Overprice, and you will sit for months before joining the price cut crowd.