Hot Housing Markets To Turn For Buyers

Dated: January 10 2023

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During the pandemic, the housing market favored home sellers. Prices spiked as demand from buyers soared. Hopeful home shoppers faced competition, bidding wars, and the likelihood that the home they wanted would receive multiple offers and sell to a competing buyer. Last year, though, things changed. Many of the hottest pandemic housing markets are turning for buyers, with the number of homes available for sale growing significantly in 80 of the 100 largest markets, according to one recent analysis.

 

With fewer home shoppers and more homes for sale, buyers will find conditions becoming more favorable in the days ahead – a trend expected to continue. By the end of this year, 36 markets are forecast to be buyers' markets, 41 will remain sellers' markets, and 23 will be neutral. The top buyers' markets will mostly be found in the West, where prices rose the fastest during the pandemic.

 

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.

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Michael Downer

Your Luxury REALTOR®, Trusted Advisor — Quintessential Naples Team at Downing-Frye Realty®Michael "Mike" Downer is the REALTOR® you want in your corner when buying or selling real es....

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