Summer activity indicates a promising season.
The Naples Area Board of Realtors®) (NABOR®)) a just released the market report for residential real estate in the Naples area for August 2016.
The housing market’s momentum continues to remain strong heading into fall.
2015 was an extremely active year leading to a very limited inventory in all areas, making difficult for buyers to find a home of their choice.
Now, buyers who were in stand-by mode by lack of inventory will be pleased to see an increase in homes for sale (even if builders have been added new homes into the MLS) meaning more opportunities to buy.
The NABOR® August 2016 Market Report provides comparisons of single-family home
and condominium sales (via the Southwest Florida MLS), price ranges, and geographic
segmentation and includes an overall market summary. The NABOR® August 2016
sales statistics are presented in chart format, including these overall (single-family and
condominium) findings:
|
CATEGORIES
|
08/2016
|
08/2015
|
CHANGE
|
| Total homes under contract (pending sales) |
734
|
811
|
-9%
|
| Total Closed Sales |
654
|
689
|
-5%
|
| Median Closed Price |
$320,000
|
$306,000
|
5%
|
| Total Active Listings (Inventory) |
4,787
|
3,525
|
36%
|
| Average Days On Market |
88
|
75
|
13%
|
| Single-Family – Closed Sales |
350
|
348
|
1%
|
| Single-Family – Median Closed Price |
$384,000
|
$388,000
|
-1%
|
| Single-Family Inventory |
2,554
|
2,025
|
26%
|
| Condominium – Closed Sales |
304
|
341
|
-11%
|
| Condominium – Median Closed Price |
$232,000
|
$235,000
|
-1%
|
| Condominium Inventory |
2,233
|
1,500
|
49%
|
