Venice Home sales amid Covid-19 Pandemic

In reviewing the May Sales Stats for Venice Florida I found some aspects to be right in line with expectations amid covid-19 restrictions.  The number of sales in May were down from 327 sold homes last May to 201 homes sold in May 2020, a decline of 38.5%.  On the upside, though, prices are not going down, they are generally holding steady.  Home prices were actually up 2.2% this year.  The market is somewhat balanced but leaning towards a Sellers market because inventory continues to be low, which has been the trend for all of the past 12 months.  Overall, other than the number of sales being down, the data shows a strong healthy housing market in our area.