Buyers will find more homes for sale this Summer in the Naples area. The real estate market report for May 2016 has been published by NABOR (Naples Association Board of Realtors).
As summer approaches, buyers will be happy to learn that median closed prices in May continued on the same trend seen in recent months, and remain steady in all price segments above $300,000. The median closed price was $338,000 in May 2016 compared to $332,00 in May 2015.
Properties realistically priced are selling quickly.
May’s 37 percent climb in inventory coupled with steady prices in most price segments indicates a stable and inviting market environment going into summer.
As more properties come on the market, buyers will have more options and won’t be forced to make aggressive offers.
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CATEGORIES
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MAY 2016
|
MAY 2015
|
CHANGE
|
| Total homes under contract (pending sales) | 921 | 977 | -6% |
| Total closed sales | 838 | 1,010
|
-17% |
| Median closed price | $338,000
|
$332,000 | 2% |
| Total active listings (inventory) | 5,207 | 3,800 | 37% |
| Average days on market | 73 |
75
|
-3%
|
| Single-family closed sales
|
396 | 430 | -8%
|
| Single-family median closed price | $432,000 | $427,000 | 1% |
| Single-family inventory | 2,744
|
2,168
|
27%
|
| Condominium closed sales | 442 | 570 | -22%
|
| Condominium median closed price | $276,000 | $268,000
|
3%
|
| Condominium inventory
|
2,463 | 1,632 | 51% |
