Naples Market Update June 2019

Residential Real Estate Activity in Our Area During the Month of May 2019

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Let’s take a look at the Naples area during the month of May 2019. The number of active listings was down 1% from one year earlier and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month, was just under $420,000. Compared to last year, the average number of days that units spent on the market before being sold was up 5%. This higher number of days may signal a slow down in the local inventory turnover rate. The median sale price was just under $360,000. The number of units sold was consistent, year over year and decreased 4%, month over month. Fewer sales could indicate an opportunity for buyers to negotiate better terms.

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Now, let’s take a look at residential real estate activity in the North Naples area during the month of May 2019. The number of active listings was up 1% from one year earlier and down 9% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month, was just under $500,000. Compared to last year, the average number of days that units spent on the market before being sold was up 1%. This higher number of days may signal a slow down in the local inventory turnover rate. The median sale price was just over $420,000. The number of units sold decreased 2%, year over year and decreased 8%, month over month. Fewer sales could indicate an opportunity for buyers to negotiate better terms.

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