When you decide to buy or sell a home, it’s a big decision with many moving parts. One factor that will strongly influence your decision is whether the Cape Coral housing market is a buyer’s or seller’s market. The state of the market will impact every aspect of your transaction, from the price to the terms and conditions. As such, you want to ensure that you buy or sell in the market most favorable to you if possible.

Below we explore the conditions of the Cape Coral housing market in 2023 and how you can leverage the market to get the best deal and terms.

What’s a Buyer’s Market Versus a Seller’s Market in the Cape Coral Housing Market?

There are two extremes in a Cape Coral housing market: a buyer’s market and a seller’s market.

A buyer’s market is one that favors the homebuyer. In this type of market, the number of homes for sale exceeds the demand. This means that homes sell slower and for more competitive prices. Also in a buyer’s market is a homebuyer’s ability to have the upper hand in negotiating prices and terms of the home sale.

A seller’s market is the exact opposite of a buyer’s market – its conditions favor the home seller. In a seller’s market, the supply of homes for sale is low while the demand is high. Negotiations for price and terms will favor the home seller. 

Is Cape Coral a Buyer’s Market or a Seller’s Market?

As 2022 wrapped, Cape Coral was a neutral market. Experts project that the Cape Coral housing market will as a neutral market into 2023. 

What does a neutral market mean for your home sale or purchase? 

A neutral market is one where neither the homebuyer nor the home seller has the advantage. The number of homes for sale is adequate to meet the demand and homes sell at an average rate for an average price. This means that, when you work with an experienced realtor, it’s easy to tip the scales in your favor!

Buying or Selling a House in Cape Coral

When your area is experiencing a neutral market, an expert realtor can not only help you buy or sell a home but also negotiate the most favorable price and terms for you. Since neither party has a clear advantage, having a realtor by your side is important to gain the upper hand – it could save you thousands of dollars and greatly reduce the stress associated with buying or selling a house. All you have to do to get started is give Your Home Sold Guaranteed Realty - Vasbinder International LLC a quick call or fill out the below form for more information. It’s that simple to complete the first step in buying or selling a house. Contact us today for a list of hot new properties, a report of how much your house should sell for, or more critical information all offered to you free of charge. Get started now – Your Home Sold Guaranteed Realty - Vasbinder International LLC is waiting to hear from you!