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: February 28 2023
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Sales of newly built homes rose at the end of last year and continued to increase once 2023 arrived. In fact, according to new numbers from the U.S. Census Bureau and the Department of Housing and Urban Development, recent home sales rose 7.2 percent in January – following an upward revision of December's numbers. The increases were likely fueled by falling mortgage rates, which relieved winter home shoppers. So what does this mean to the average buyer? Well, any increase in new home sales is good news for buyers since it encourages builders to build more new homes, which adds supply to the housing market and moderates prices for both new and existing homes. Currently, the inventory of homes for sale remains lower than historically normal. So rising new home sales is a positive sign for the market and buyers hoping to find a house this spring.
The MikeDowner.com website is the most comprehensive online source for Southwest Florida real estate information and services. Whether 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.

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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