Whether you are selling or looking at various homes for sale in Estero, you want to make sure how the current market conditions will affect you. In this post, we will highlight some of the top issues currently affecting the real estate market.
Remote Working
Thanks to the pandemic, many people started working from home and found they enjoyed it. With the ability to work remotely, more buyers are looking for homes away from the outskirts of larger cities. People are discovering that with the mobility working from home provides, they don’t have to worry so much about buying a home closer to the office, as they have no commute to worry about.
Use of Technology
Technology is one of the biggest changes to the real estate market that affects sellers and people looking at homes for sale in Estero. Many agents have started using technology to allow clients to look at homes from the comfort of their living room through video tours along with a video chat. These technological advancements make it easier for people looking to move across the country to see the home without attending an open house. It also gives people flexibility with signing documents, as many companies offer that ability now.
Lower Supply
Unfortunately, the number of homes for sale in Estero isn’t enough to meet the demands of buyers. It’s the same across the United States. Affordability is another concern, as many areas have seen the average price rapidly increase over the past few years. Thankfully mortgage rates are still low, and more houses are being added to the market each day.
To know more information contact Greater SWFL Homes | Premiere Plus Realty.
