Like its southern neighbor North Port, the Venice area's housing market seems to be reaching a level of stability in supplies and pricing, according to a recent analysis.
The number of homes for sale continues to drop and the number of new listings also is decreasing.
As of Sept. 30, 966 homes were for sale, compared with 1,215 a year ago, a decline of 20.5 percent.
There were 162 new listings last month, compared with 176 in August.
A year ago, listings rose to 215 from 186 in August 2010.
The supply of homes, based on the current pace of sales, represented 8.8 months during September, down from 11.6 months a year ago.
The average price was $165,000 last month and $164,000 in August. That compared with $160,000 a year ago and represented an increase of about 3 percent.
As of Sept. 30, 966 homes were for sale, compared with 1,215 a year ago, a decline of 20.5 percent.
There were 162 new listings last month, compared with 176 in August.
A year ago, listings rose to 215 from 186 in August 2010.
The supply of homes, based on the current pace of sales, represented 8.8 months during September, down from 11.6 months a year ago.
The average price was $165,000 last month and $164,000 in August. That compared with $160,000 a year ago and represented an increase of about 3 percent.
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