July 1, 2016

Naples Real Estate - Market Report - May 2016: More Choice For Buyers.

Buyers will find more homes for sale this Summer in the Naples area. The real estate market report for May 2016 has been published by NABOR (Naples Association Board of Realtors).
As summer approaches, buyers will be happy to learn that median closed prices in May continued on the same trend seen in recent months, and remain steady in all price segments above $300,000. The median closed price was $338,000 in May 2016 compared to $332,00 in May 2015. 
Properties realistically priced are selling quickly.
May's 37 percent climb in inventory coupled with steady prices in most price segments indicates a stable and inviting market environment going into summer.

As more properties come on the market, buyers will have more options and won't be forced to make aggressive offers.


CATEGORIES
MAY 2016
MAY 2015
CHANGE
Total homes under contract (pending sales) 921 977 -6%
Total closed sales 838 1,010

-17%
Median closed price $338,000

$332,000 2%
Total active listings (inventory) 5,207 3,800 37%
Average days on market  73
75
-3%

Single-family closed sales

396 430 -8%

Single-family median closed price $432,000 $427,000 1%
Single-family inventory 2,744

2,168

27%

Condominium closed sales 442 570 -22%

Condominium median closed price $276,000 $268,000

3%

Condominium inventory

2,463 1,632 51%


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