Naples Market Update January 2019

Residential Real Estate Activity in Our Area During the Month of December 2018

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Letโ€™s take a look at the Naples area during the month of December 2018. The number of active listings was up 5% from one year earlier and did not change from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month, was just under $410,000. Compared to last year, the average number of days that units spent on the market before being sold was down 5%. This lower number of days may signal a positive trend in the local inventory turnover rate. The median sale price was just under $320,000. The number of units sold decreased 11%, year over year and increased 3%, month over month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum.

Now, letโ€™s take a look at residential real estate activity in the North Naples area during the month of December 2018. The number of active listings was down 7% from one year earlier and up 4% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month, was just under $520,000. Compared to last year, the average number of days that units spent on the market before being sold was down 30%. This lower number of days may signal a positive trend in the local inventory turnover rate. The median sale price was just under $420,000. The number of units sold decreased 12%, year over year and held steady, month over month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged.

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This is current and historical data from Premier Sotheby's International Realty's local MLS to produce detailed, highly visual and easy to interpret videos that demonstrate monthly market trends. I hope you use this information to make smart and informed decisions in your upcoming real estate transactions! I'm here to help along the way.

Frank Duggan | Premier Sotheby's International Realty
239.734.0397