Naples Area Real Estate Report – October 2018 – Increased Inventory

nabor-report-october-2018 nabor-stats-october-2018The Naples Area Board of REALTORS® (NABOR) has released the real estate market report for October 2018 for transactions in the Naples area.
Closed sales of homes in the Naples market grew 20% in October 2018 compared to October 2017.
In the meantime inventory during October has jumped 20% to 5,992 homes (the highest level since October 2012) giving more choices for buyers.
Here are also the other highlights from the report:

  • Inventory increased 20%.
  • 7.5 months of supply.
  • 10% oe the new inventory is new construction.
  • Overall pending sales up 17% for the $1M to $2M price category.
  • Median Closed Price in the Naples Beach area (west of US 41) decreased 13% in October compared to October 2017.

View Complete Detailed Report – October 2018…
View Complete Real estate Statistics – October 2018…
View All Residential Properties For Sale by Location…

Author: Dominick Tascher Group - Blog

Naples to Estero Real Estate Blog by Dominick Tascher Group at MVP Realty brings to the public the latest information about real estate news and trends, market reports, new communities and also topics related to living in the paradise of SW Florida; Naples, Bonita Springs, Estero and South Fort Myers.

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