Southwest Florida’s real estate market may be heading into more turbulent times, with experts warning of continued slowdowns in sales and price growth. In areas such as Naples, Lee County, and Fort Myers, elevated interest rates, high home prices, and insurance costs are deterring both buyers and investors. Recent data show increased inventory and declining buyer activity, suggesting that the once-hot housing market is losing steam as affordability diminishes across the region.
Local realtors are sounding the alarm over shrinking demand, while some homeowners are reducing prices to attract buyers. A rise in housing supply, coupled with economic uncertainty and fewer out-of-state buyers, is putting further pressure on the market. Industry analysts predict several challenging months ahead, emphasizing the need for price adjustments and more realistic expectations among sellers to navigate this shifting landscape.
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