According to the Chief Economist at Realtor.com, the 2019 real estate market will no longer be a Seller’s Market but rather transition to a Balanced Market as inventory levels increase by 7% annually. The cost to buy will continue to rise due to demand and higher interest rates which are projected to track towards 6 percent. According to Zillow, a slower market will provide Buyers more options and greater windows of time to make buying decisions and the market will experience fewer multiple offer scenarios. Further, “people still think it is a good time to sell, but it is not as favorable as it was last year.”
It would appear 2019 will be a pivotal year as the real estate market cools and returns to a balance between buyers, sellers and renters. Give me a call at 239-273-4006 to learn how the changing real estate market may impact your buying or selling needs. I look forward to hearing from you.
Author:Fay Bamond Phone: 239-273-4006 Dated: December 3rd 2018 Views: 3,208 About Fay: ...
Whether you are buying or selling, exceeding your expectations is the commitment the Move2NaplesNow team makes to you. Superior real estate representation is not based merely on locating or marketing a specific property address, but instead on fostering a relationship of mutual trust and shared success. Specializing in the Greater Naples market, Move2NaplesNow, provides buyers and sellers the information, technological tools and exposure needed to effectively meet their individual objectives.
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"We were out of State buyers looking for a house within a week's visit to Naples. I found Fay online and we were lucky. Fay is a very nice, patient person. She is extremely knowledgeable and professional. We could not have asked for a better realtor to help us in our successful search for a house. She absolutely went way beyond what one would expect and gave us her undivided attention. If you choose Fay to help you with your house hunting you will have chosen very wisely. "