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.