Southwest Florida’s real estate market has clearly shifted over the last year. According to NABOR’s July 2022 Market Report, the inventory of listed properties has grown from 1,295 in July 2021 to 2,429 listed properties for sale in July 2022 – an 87.6% gain in one year.
The increase in listed properties is welcome news for buyers who had limited choices for most of 2021. However, there is also a notable slowdown in closings.
These market shifts should encourage sellers to retain the services of a professional Realtor with the knowledge and experience to price their properties correctly for a quick sale.
– Mike Hughes, Downing-Frye Realty, Inc.