With the mortgage rates on the rise and inflation at an all-time high, you may be wondering, “is Naples a buyer’s or seller’s market in 2022?” The real estate market is always fluctuating. Knowing what type of market you are buying or selling in could save you time and potentially thousands of dollars. So, is Naples a buyer’s or seller’s market and how does that affect the sale or purchase of a home? Let’s explore the differences between each type of market, focusing specifically on Naples.
What is a Buyer’s Market Versus a Seller’s Market?
To better help you make an informed decision on whether to buy or sell in 2022, here we break down the differences between a buyer’s market and a seller’s market.
In a buyer’s market, the conditions favor the homebuyer in several ways. Homes sell less quickly and at lower prices than in a buyer’s market. Because the supply of homes is greater than the demand, homebuyers don’t have to act as quickly to put in an offer and have an advantage in negotiating better terms, like home repairs.
In a seller’s market, on the other hand, the conditions of the market favor the home seller. The demand for homes for sale exceeds the number of homes available. This means that homes sell quickly and at higher prices than in a buyer’s market. Also, the home seller has the upper hand in negotiating terms, such as selling the home “as is” instead of making repairs themselves.
Is Naples a Buyer’s or Seller’s Market?
So, is Naples a buyer’s or seller’s market?
As of 2022, Naples is a seller’s market. Homes sell quickly and at a higher price than in a buyer’s market. However, with the help of an experienced realtor, homebuyers can still get a great deal on a house they love. Home sellers can also benefit from having a realtor in their corner.
Buying or Selling a House in Naples
Don’t let the state of the market ruin your real estate transaction. At Your Home Sold Guaranteed Realty – Vasbinder International, we can help you buy or sell a home regardless of the state of the market. To get started on your real estate journey today, call us at 239-990-8290, contact us here, or complete the form below.