Rising Inventory Is Good News For Buyers in Naples and Southwest Florida

Well, one things for sure if You've Been trying to Buy a Home in Naples, Southwest Florida, or Really Anywhere, over the past two years, you've probably faced your share of challenges!

Two big challenges stuck in my brain are definitely the limited number of homes for sale, as well as the true intensity of bidding wars. Sure, we found many ways for our customers to win, but sometimes the battles got a little brutal, but things are definitely beginning to shift. Take a look at this inventory graph.

This graph show that inventory is increasing.and that means you have more options for your home search. Not only are more homeowners listing their homes for sale, but the rising mortgage rates are also helping to moderate the market. Some of the frenzy is cooling off!

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This is huge if you've been worried you would't' find a home to buy, or if you've been outbid more times count. If you've put your home search on pause, it may be a really good time to re-enter the market. It won't be easy, since the inventory is still low overall, but it won't feel impossible as it may have felt over the past couple years.

The "Months' Supply", or Absorption Rate as I like to call it, in the previous chart was compiled utilizing nation-wide data, but NaplesStatistics.com shows us that, depending on the type of property, the Naples supply of homes is tracking very closely with the rest of the United States,

Janet and I have spoken with many of you who had put your search on hold for awhile. If you're ready to start looking, or if you are ready to kick up your search again, let's work together to explore your options and find the home of your dreams here in Southwest Florida.

Remember, you can search for Naples and Southwest Florida homes really easily at www.JanetBerry.com and you can track all the local market statistics at www.NaplesStatistics.com . Thank You So Much for watching this short video, and Janet and I look forward to speaking with you soon! Just call Janet at 239-450-1892 or Scott at 239-450-0290