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,
Is A Buyers' Market Just Around The Corner?
Dated: November 3 2022
Views: 92
The past few years have favored home sellers. Fewer homes available for sale pushed competition between buyers and drove home prices higher. It was a sellers' market. It still is. In fact, according to one recent analysis, most markets continue to favor sellers, with 51 of the country's largest 100 housing markets remaining sellers' markets. Among them, smaller metros were likelier to favor sellers than areas with more than 1 million people.
With affordability conditions in flux and buyer demand slowing nationwide, is a change on the way? Possibly. In just the past few months, the sellers' markets have fallen from 83 in August to 51 today, and it's expected to fall further in 2023. By next September, of the same 100 markets, 27 are expected to favor buyers, 30 will be neutral, and 43 will be sellers' markets. In other words, home buyers may soon find themselves in a better position than they've been in years.
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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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