3 Bedrooms | 2 Bathrooms | More Than 2,000 Sq. Ft. | Fenced Backyard | Optional Boating AccessPresented by Michael Downer, Broker Associate | Downing-Frye Realty | Quintessential NaplesMore Space,
Dated: October 27 2022
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The past few years have been good for homeowners. Rising home prices and a hot housing market meant homeowners looking to make a move could be assured their homes would sell quickly and for a great price. But now that the market has slowed down, can potential home sellers expect to be as successful as they would have been had they sold last year or even earlier this year? Well, yes and no.
According to ATTOM Data Solutions' third-quarter U.S. Home Sales Report, the typical profit margin on median-priced single-family home sales dipped from where it was during the year's second quarter. It fell from 57.6 percent in the second quarter to 54.6 percent in the third. The decline coincides with a 3 percent decrease in national home value. However, though down quarter-over-quarter, profit margins, home prices, and typical investment returns remained high and sometimes near all-time highs.
In other words, today's home sellers may not do as well as they would've had they sold in March, but they can still expect a good return on their initial investment.
The MikeDowner.com website is the most comprehensive online source for Southwest Florida real estate information and services. Whether you are looking for the latest sales, trends, or homes for sale in Collier County and Lee County in Florida, Mike Downer and Coldwell Banker Realty have it all at your fingertips. Browse information regarding new listings, price changes, short sales, foreclosures, new construction, investment property, land sales, or commercial locations throughout Southwest Florida at www.MikeDowner.com or call Mike at 239-722-6453. #homesforsale #investment
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