Naples Home Sales Report

NAPLES HOME SALES UPDATE

Third Quarter Naples Home Sales Report

Naples home sales showed a 40 percent increase in inventory when compared to third quarter of last year. Inventory increased from 3,606 in 2015 to 5,044 this year. Additionally, the median homes sales prices were similar to last year during the same time period. All indications are prices have leveled out.

Also, when comparing third quarter of this year to third quarter last year, both pending and closed sales were down 14 percent. Now that prices have leveled out and inventory continues to increase, I expect season to start off strong.

Third Quarter Prices Hold Steady and Inventory Rises

Pending Sales decreased 14 percent overall in 3rd quarter 2016 versus 2015
Closed Sales decreased 14 percent overall compared to the same time last year
Median Closed Price increased 4 percent overall this year versus last year during the third quarter
Inventory increased 40 percent overall this past quarter versus last year
Average Days On Market increased 10 percent overall this year versus last year in Q3

For home buyers interested in purchasing a single family home or condo in Naples Florida, now is an excellent time to begin your search. There are more condos to chose from and prices are holding steady. You need to make sure the Naples home or condo you are looking to purchase is part of a stable community and I can help you determine which communities are the best bet.

When you are ready to start your search or make a purchase, let me be your guide! If you are interested in more information about a specific community, contact me for a free custom market report that will be tailored to meet your specific needs – 239-370-0892.

About Matt Klinowski