Long-term market growth

Study bullish on Southwest Florida real estate

Housing industry market research firm Metrostudy recently released a study which recognizes long-term health of the Naples-Fort Myers market.

“Demographic and economic trends suggest continued growth in demand for new homes over the long term, driven by a current average annual growth rate of 18,600 new jobs. That is an impressive number, given the low unemployment rate — 2.3 percent — in this market.”

The study cites move-ins as a methodology for measuring housing demand rather than closings and deed recordings. This is a much better way of evaluating a market like ours that has such a heavy investor presence, particularly in new construction.

While the market is stalled right now across nearly all sectors, I too remain optimistic for the long-term in Southwest Florida. Nearly every day I hear from prospective clients living north of the Mason-Dixon Line that are looking to relocate to this area at some point in the future.

Study sees long-term demand in local market [Naples Daily News]