08/14/2022
2,750%
We have been discussing the “normalization” of the market for a while. Inventory is increasing each month, a trend that started in January, and the Seller/Buyer dynamics are becoming more balanced. The Seller dominated Market is shifting as Sellers need to recalibrate their expectations.
Today we are seeing Listing Prices being reduced and the return of Seller Paid Closing Costs. These were like Bigfoot in 2020 and 2021! We heard about them, but never really saw them.
The market for buyers looks to get better. Fears of a recession have sparked a 2,750% spike in Google Searches for the phrase “Sell My House Fast”. This is a sign more inventory will come on the Market and Sellers will have a new mindset.
For over fifty years, the Downing-Frye name has set the standard for excellence and professionalism in Naples, Marco Island, Bonita Springs, and Estero real estate markets. Since 2004, Downing-Frye Realty has been ranked in the top 100 real estate offices in the country based on closed sales volume....