Good News for buyers! July 2022 inventory rose 87.6 percent to 2,429 properties from 1,295 properties in July 2021. If you have been waiting to take advantage of “off-season” pricing, now may be a great time to shop, as there are far fewer buyers competing for the available properties now, compared to “season.”
“Market experts reviewing the July report say buyers should not expect home values to drop dramatically.” While year over year price growth is trimming, demand is still high, and inventory is still not at the pre-pandemic 2019 levels of over 5000 properties.
Good advice advice to buyers is, “Don’t wait for prices to go down.” They are likely to level off and continue to rise at sustainable levels. “Jump into the home ownership arena now. Interest rates are still lower than what they may be in the future” and migration to Naples is growing, as buyers seek lower taxes and warmer weather.
Naples is a top emerging real estate market in America, and has proven to be a sound investment over many years.
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