If you are interested in buying or selling a house in Fort Myers in 2023, one of the most important pieces of information you can have is whether the Fort Myers housing market is a buyer’s market or a seller’s market. The state of the market will dictate every aspect of your real estate transaction. From the price to terms and conditions, knowing the state of the market will help you get the best deal possible.
Because the market fluctuates, it’s vital to have the latest and most up-to-date information as we begin 2023. Below we explore the state of the Fort Myers housing market and teach you what you need to know in 2023.
What’s a Buyer’s Market Versus a Seller’s Market in the Fort Myers Housing Market?
Knowing the difference between a buyer’s market and a seller’s market can help you make an informed real estate decision in the new year.
A buyer’s market is one that favors the homebuyer. Favorable conditions like a large number of homes available for sale and low demand make this market prime for homebuyers. Houses tend to sell slower and for less money than in a seller’s market. It is also easier for the homebuyer to gain the upper hand in negotiating the price and terms of the sale.
A seller’s market, on the other hand, favors the home seller. This means that the demand for houses is high while the supply of available homes for sale is relatively low. Houses sell quickly and for higher prices than in a buyer’s market. It is the home seller in this situation that has the advantage when negotiating price and terms.
So which market is Fort Myers and what does it mean for you?
Is Fort Myers a Buyer’s Market or a Seller’s Market?
As 2022 drew to a close, the housing market was a seller’s market. However, as 2023 begins, you can expect a shift into a neutral market.
A neutral market is just like it sounds – one that is neutral and favors the home seller and the homebuyer equally. A neutral market is better for a homebuyer than a seller’s market and vice versa. In a neutral market, the supply of homes for sale and the demand are relatively equal so homes sell at an average rate and for an average price. Both parties have an equal opportunity to get the best deal with great terms when negotiating.
Buying or Selling a House in Fort Myers
Because the Fort Myers housing market is neutral, it’s more important now than ever to have an experienced realtor by your side.
An expert realtor like the ones at Your Home Sold Guaranteed Realty of Greater Florida can help tip the scales in your favor during negotiations, getting you the best price and most advantageous terms. With just a quick call to 239-880-3563 you can be well on your way to buying or selling a home with one of the best realtors in Florida. Or you can choose to get started by filling out the below form. Either way you decide to contact us, you’ll get the same great service. We don’t just make promises – we guarantee results! We offer several buyer and seller Guarantees designed to give you the results you want and need. Don’t wait – get started on your real estate journey today with the friendly real estate team at Your Home Sold Guaranteed Realty of Greater Florida.
