How Competitive Is Today’s Housing Market?

Dated: October 20 2022

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A competitive housing market can be stressful for home buyers. When there are more buyers than homes for sale, available homes sell quickly and for more than their asking price. It can put pressure on buyers and their budgets. So, how competitive is today’s market? Well, one good measure of competitiveness is showing activity. The higher the number of average showings per listing, the more likely competition between buyers. Fortunately for today’s home shoppers, showing activity has been slowing. The number of housing markets averaging double-digit showings per listing fell to three in June. That’s down from a record high of 121 in March. But while that’s a huge improvement and good news for summer home buyers, showing activity is still higher than its pre-pandemic level. This means, that though competition for available homes has calmed from where it was over the past two years, prospective home buyers should still be prepared to move quickly.

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 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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