September 16, 2016

Naples Real Estate - Market Report For August 2016


Summer activity indicates a promising season. 
The Naples Area Board of Realtors®) (NABOR®)) a just released the market report for residential real estate in the Naples area for August 2016.
The housing market's momentum continues to remain strong heading into fall.
2015 was an extremely active year leading to a very limited inventory in all areas, making difficult for buyers to find a home of their choice.
Now, buyers who were in stand-by mode by lack of inventory will be pleased to see an increase in homes for sale (even if builders have been added new homes into the MLS) meaning more opportunities to buy.
The NABOR® August 2016 Market Report provides comparisons of single-family home
and condominium sales (via the Southwest Florida MLS), price ranges, and geographic
segmentation and includes an overall market summary. The NABOR® August 2016
sales statistics are presented in chart format, including these overall (single-family and

condominium) findings:

CATEGORIES
08/2016
08/2015
CHANGE
Total homes under contract (pending sales)

734
811
-9%
Total Closed Sales
654
689
-5%
Median Closed Price
$320,000
$306,000
5%
Total Active Listings (Inventory)
4,787
3,525
36%
Average Days On Market
88
75
13%
Single-Family - Closed Sales
350
348
1%
Single-Family - Median Closed Price
$384,000
$388,000
-1%
Single-Family Inventory
2,554
2,025
26%
Condominium - Closed Sales
304
341
-11%
Condominium - Median Closed Price
$232,000
$235,000
-1%
Condominium Inventory
2,233
1,500
49%

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