Number Of Homes For Sale Up 55% In December

Dated: January 17 2023

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Inventory has been one of the housing market's primary problems for years now. Too few available homes for sale, combined with many buyers, pushed home prices higher and caused affordability issues, bidding wars, and frustration for home shoppers. But new numbers from the National Association of Realtors' consumer website show the market beginning to balance after years of imbalance. The number of active homes for sale in December was 54.7 percent higher than at the same time the year before.

 

While inventory remains low compared to pre-pandemic averages, the improvement should be welcome news for anyone hoping to buy a home in 2023. Danielle Hale, the website's chief economist, says the gains will help moderate price growth and bring buyers back to the market. "Moderation in home price growth may encourage more buyers to return to the market in the months ahead and may also be welcome news for sellers aiming to sell and buy simultaneously," 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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