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,
Slower Traffic Offers Benefit To Buyers
Dated: October 20 2022
Views: 91
In a fast-paced Southwest Florida housing market, buyers have to move quickly. That means making significant decisions without much time to think. It can be stressful. Anyone active in our market last year knows the feeling. This year, though, the market’s rebalancing meant changing buyers’ conditions. And according to one recent analysis, some changes will make it easier for home shoppers in the months ahead. How so?
Well, the once fast pace of the housing market has slowed. The data shows buyer traffic nationwide – as measured by home showing activity – has fallen 12.2 percent from where it was last year at the same time. In the Southwest Florida market, that number is about the same. And while showings are still above pre-pandemic levels, traffic is undoubtedly slower. That’s welcome news for prospective buyers, as it means less competition, fewer bidding wars, and more time to consider options when looking at homes to buy. After the past two years, that should be a significant relief to buyers.
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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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