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: May 26 2023
Views: 179
Sales of newly built single-family homes rose in April, according to new numbers from the U.S. Census Bureau and the Department of Housing and Urban Development. Sales were up 4.1 percent over the previous month and were nearly 12 percent higher than in April 2022. New home sales are now at their highest level in over a year. So why is the new home market so hot?
There are a couple of reasons. First, home buyers reacted to mortgage rates moving lower after climbing in February and early March. The move toward more favorable rates brought out interested buyers. The other factor is the lack of existing homes for sale. Low inventory has pushed home buyers to consider newly built options, as fewer previously owned homes are available. Combined with the start of the spring home shopping season, those two factors played a big part in bringing out home buyers and pushing new home sales upward.
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....
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,
Newly Renovated | Impact Windows | New Appliances | Room for a Pool | No HOA | Golden Gate CityPresented by Michael Downer, Broker Associate | Downing-Frye Realty | Quintessential NaplesLess Fixing.
4 Bedrooms | 2 Bathrooms | Lakefront Pool Home | Reflection Lakes Presented by Mike Downer, Broker Associate | Downing-Frye Realty | Quintessential NaplesA Little More Time to Enjoy FloridaSome
2 Bedrooms | 2 Bathrooms | First-Floor Residence | Bonita SpringsPresented by Mike Downer, Broker Associate | Downing-Frye Realty | Quintessential NaplesA Simple Way to Enjoy Southwest