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 theyโ€™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 | Premier Sotheby's International Realty