The Bonita Springs and Estero real estate market remains squarely in a seller’s market but one without the sense of urgency that was in the market previously. This is reflected in the medium price sitting at $515,000 in November 2022 which is a 15.3% increase from last year. The average days on market has increased

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Experts predict the market will be more balanced among buyers and sellers. Home prices won’t change much while mortgage interest rates continue to dip.

Rising mortgage interest rates clobbered the single family housing market in 2022, leading to transaction volumes falling sharply and small declines in prices. The market in 2023 will most likely weaken, but some upward potential must be considered—even by those of us who remain pessimistic.