After a two-week decline in available homes on the Multiple Listing Service, the number of villas for sale is again headed into record territory.
In late March, the MLS showed 141 properties available, a decrease from the 150 mark reached earlier in the month. In the last three weeks, the number of listings has risen higher to 148.
But despite the growing inventory, there are few signs of fire sales. The average asking price for a home is $2.2 million, compared with $2.16 million in January. If you remove a Peter Bay property that's been on the market for six months or more, priced at $32 million, the average drops to $2 million.
The median price of homes for sale now is $1.5 million, compared to $1.375 million in January.