New Listings Down As Spring Buyers Arrive

Dated: April 14 2023

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The equilibrium of buyers and sellers predominantly regulates the state of the real estate market. When there's an abundance of one party and a scarcity of the other, it significantly impacts the availability of properties for potential home buyers. Presently, there is an insufficient supply of homes available for purchase. According to a recent analysis, there's been a decline of nearly 22% in new listings compared to the previous year. This suggests that spring home buyers will face stiff competition, especially those searching for affordable homes or ready to move in.

Despite a lower buyer demand this spring, there are still enough interested buyers to outpace the current inventory. For instance, many homes that go up for sale in the spring are selling at an accelerated rate. Nearly half of the homes for sale this season sold in less than 14 days. Therefore, spring home buyers must act quickly and decisively when they find a property that meets their requirements.

For all the latest sales, trends, and listings of houses for sale in Florida's Collier County and Lee County, visit MikeDowner.com, the most comprehensive online resource for Southwest Florida's real estate information and services. Mike Downer and Coldwell Banker Realty have all the information at your disposal, including new listings, price changes, short sales, foreclosures, new constructions, investment property, land sales, and commercial locations throughout Southwest Florida. You may visit the website or call Mike at 239-722-6453 for further inquiries.

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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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