07/25/2022
Despite a softening in the national housing market to more balanced conditions, the Lee County (Ft Myers, Ft Myers Beach, Cape Coral, Sanibel Island, Captiva Island, Estero and Bonita Springs) housing market continued to lean strongly in favor of sellers due to low inventory of both new and re-sale homes. However, the early signs of a softening housing market have been appearing throughout the region in July, largely due to higher mortgage interest rates, increasing home prices and continued inflation: home builders have re-introduced both broker cooperation commissions and buyer incentives; there are a plethora of price reductions on listed re-sale homes; and once again more homes are again closing for asking price, or less, rather than prices exceeding list price. Nonetheless, the local housing market remains strong and continues to be one of the bright spots for home sellers in the national housing market. If you're thinking about buying or selling, now is a critical time to have expert guidance to ensure you obtain the best possible terms. With over 20 years' experience in this market, I can help you anticipate the market changes and buy or sell for the best price.