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 20 2022
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The home price surge of the past few years was primarily caused by a lack of homes for sale. Too few options led buyers to fight for the available homes. Bidding wars and competition made for a challenging housing market as inventory fell to historic lows. This year, though, things have begun to change. There are more homes available for sale than there were last year. In fact, according to new numbers from the National Association of Realtors’ consumer website, the number of homes for sale nationwide was up nearly 27 percent year-over-year in September. Here in Southwest Florida, we do not see numbers as high, but more inventory is available than in past months.
That’s about even nationwide with August’s rate of improvement. Danielle Hale, the website’s chief economist, says the gains have been fueled, in part, by favorable selling conditions, and current homeowners can still benefit. “For homeowners deciding whether to make a move this year, remember that listing prices – while lower than a few months ago – remain higher than in prior years, so you’re still likely to find opportunities to cash-in on record-high levels of equity, particularly if you’ve owned your home for a longer time,” Hale said.
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 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#realestate#property
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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