Buyers have many choices. Trying to sell and being the 3rd, 5th, or 9th best priced property is long and frustrating. It is a no win scenario. Some Venice area listings are selling in 1 week and others are taking 12 months or longer. In the last 7 days 116 closed and 160 moved to pending status. There is about a 12% price difference between the 1500 active for sale homes and the ones that actually closed. The active listings average 115 days on the market. They will probably stay that way until they expire or adjust the price.