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,
How Buyers Benefit From A Changing Market
Dated: October 20 2022
Views: 83
Thinking about 100-degree days and spending the time in warm Florida? Of course, very few people think about Florida and it being warm in the summer but in Southwest Florida, we get a great breeze off the Gulf of Mexico all year, and eventually, if you live up north, it will be time to shovel snow again soon. So why do I bring this up now?
The housing market is rebalancing and, in some ways, it’s getting better for buyers. Less competition, fewer bidding wars, and improved time on the market are making it easier for today’s home shoppers. Elevated buyer demand – fueled, in part, by historically low mortgage rates – slowed this spring when mortgage rates increased and caused some buyers to hit pause on their buying plans. Affordability conditions have become more challenging.
That much is true. But, in some other ways, the market’s gotten better for buyers. In fact, summer home shoppers may actually be able to benefit from the market’s recent changes. How so? Well, for one, options. The inventory of homes for sale is improving. That not only provides buyers with more homes to choose from but also means there will likely be less competition and fewer bidding wars. Time on the market has also improved. Buyers will find they have a little more time to make decisions since there are fewer buyers competing for the same homes. With homes for sale lingering longer on the market, buyers will finally get some relief from the stressful pace of the past few years. Put simply, the housing market is rebalancing but changing conditions don’t necessarily mean bad news for buyers.
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, Lee, Charlotte, or Broward Counties in Florida, Mike Downer and Coldwell Banker Realty have it all at your fingertips. Browse information regarding short sales, foreclosures, new construction, investment property, land sales, or commercial locations throughout Southwest Florida plus much more at www.MikeDowner.com or call Mike at 239-722-6453.
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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