Memorial Villages 2016 Review

The Memorial Villages 2016 Market Review shows a correction, as anticipated. Average price of Resales is down 12%, Average price of New Construction is down 21% and lot prices are down approximately 3% over the past year. You can compare the numbers in the chart below to my post about a year ago for 2015. The good news is that consumer sentiment is more positive….buyers are out looking, the election is past, and interest rates are likely to rise so buyers who have been on the fence have a new sense of urgency to make the move they have been deliberating this year.