Is the Southwest Florida Market Cooling Down? Real Estate Market Update

Southwest Florida Real Estate Update: Market Shift or Stabilization?
Thinking about buying or selling in Southwest Florida? This video dives into the latest market data for Lee and Collier counties, including closed sales, median sold price, days on the market, and inventory levels.
Key Takeaways:
-While some indicators suggest a shift towards a buyer's market (increased inventory, longer days on the market), we reveal interesting insights from recent market activity.
-Inventory has stabilized after months of growth, and sales pace remains steady.
-Significant price reductions haven't materialized despite economic headwinds.
Is now a good time to buy in SWFL? Maybe! Is now a good time to sell? This video can help you decide!
In this video, you'll learn about:
-Current trends in the SWFL real estate market (Naples, Fort Myers, Cape Coral)
-Buyer and seller considerations in the current market
-How rising interest rates and insurance challenges are impacting the market
Looking to buy or sell in SWFL? Contact Gulf Pointe Properties today! We can help you navigate the market and make informed real estate decisions.
If you are considering selling and want to get an idea of what your Florida home is worth, send an email to [e-mail]. If you're looking to purchase in the area, you can get a jumpstart by filling out your home wish list here: forms.gle/B91pjBStQbEnUCBPA
📲 Thank you for your support! We have so many people contacting us who are moving here to Naples & Fort Myers, and we ABSOLUTELY love it! If you are moving or relocating here to Southwest Florida, my team and I can make that transition so much easier on you.
Reach out...we're here for you!
Brad Dohack, Broker/Owner at Gulf Pointe Properties, Team Lead
📲 Call/Text Direct at [phone]
📲 Email: [e-mail]
👨‍💻 Website: www.homesearchinswflorida.com/

[@naplesflexplorer]

Great info as always.
Naples has and was a very high cash buyer region. A good portion of homes being put up for sale are likely people sensing the end of the sellers market and trying to cash in before it switches to a buyers market. So they don't really have to sell (cash buyer, low interest rates).
Short term rental demand appears to have or is in the way to stabilizing especially as more anti-short term policies by HOA and consumers sentiments are growing as the consumer health is dwindling via inflation that has investors pausing.
I know as a small investor I expect a market correction to come and waiting for it to happen before I buy more properties unless a very special investment opportunity comes up. I'm in no rush to buy as I'm on the long run for this and I don't think I'm alone on this.
Also while everyone is looking at inventory and days on the market we should be looking at things from the buyers side. I question has the buyer pool grown or dwindled? I think with Insurance, hurricane fears, high interest rates, consumer debt growing,inflation, and many sellers staying put with their low interest rate a lot of buyers have checked out of the buyers pool making up for the increase in inventory.

[@Md.AbdurRajjakMia]

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