November 24, 2015

Naples Real Estate Market Update - Single-Family Home Inventory Rises In October

Update for the state of the real estate market in Naples Florida for October 2015.
This report has just been released on November 20th by Naples Association of Realtors (NABOR).
The inventory of single-family resale homes rose 4% in October (except for Central Naples where the inventory decreased 17%).
At the same time the inventory for condominiums dropped 7%.
Overall median closed price in October increased 14% ($302,000) compared to October 2014 $265,000).
There is now a 4.63 months supply of inventory which makes the Naples market still a seller's market.
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