January 2023 Market UpdateBy: D. Michael Burke & Hunter D. Habib Happy New … Continue reading...
Happy New Year! We hope you had a safe and enjoyable holiday season with your friends and loved ones. Now that the year-end festivities have concluded, some of you may be wondering if now is a good time to put your home on the market. The answer is still a resounding yes. As of December 2022, for-sale inventory in Lee and Collier Counties was recorded at 2.5 months and 3.1 months, respectively. When for-sale inventory exceeds 6 months, this is considered to be a buyers’ market. When for-sale inventory is below that threshold, this is considered a sellers’ market.
(Typically, during this time of year, we have more than 15,000 homes for sale on the MLS. Currently, we only have 7,730 active for-sale listings.)
Consequently, if you’ve been thinking about listing your home, but you’re still on the fence, it may be worth your time to schedule a talk with a local real estate agent.
If you’re thinking about listing your home and you have questions about the current state of the market, we’re here for you. We are in this together and if you have a need please reach out to your local experts.
Our experienced team of professionals is here to help you achieve your residential real estate goals. Whether buying or selling, our tools are PROVEN to help you get the most from your transaction!