Number Of Homes For Sale To Increase In 2023

Dated: December 7 2022

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It isn't always easy to find what you're looking for when shopping for a house. That's especially true when there are fewer homes for sale. Low inventory leads to competition, quick sales, bidding wars, and frustration. On the other hand, when there are more options to choose from, there are more opportunities to find a house that checks off the items on your wishlist. This is why a recent end-of-the-year forecast has encouraging news for prospective home shoppers. The National Association of Realtors' consumer website estimates that the number of existing homes for sale will rise more than 20 percent year-over-year in 2023. That means more homes for buyers to choose from and more chances to find one that fits their needs.

 

Danielle Hale, the website's chief economist, says market challenges will remain, though, so buyers will have to be prepared. "Americans who are determined to make a move will find staying up-to-date on the market, flexibility, creativity, and a healthy does of patience will go a long way toward success in the year ahead," 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 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.

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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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