Naples Market Update July 2018

Residential Real Estate Activity in our Area During the Month of June

The number of active listings was down 12% from one year earlier and down 12% 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 $550K. Compared to last year, the average number of days that units spent on the market before being sold was down 2%. This lower number of days may signal a positive trend in the local inventory turnover rate. The median sale price was $480K. The number of units sold increased 12% year over year, decreased 10% month over month. Higher year over year figures indicate that more buyers have been finding what they’re looking for.

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 | Sotheby's International Realty