What happened to the Naples real estate market in April 2019?
The Naples Market Report for April
Are you curious about the Naples real estate market?
Have you heard rumors about falling home prices?
Is this a good time to buy a home?
Should I sell my home in Naples now?
Here is some insight into the current Naples real estate market.
April home closings were higher than last year in Naples!
Naples Florida April 2019 sales were brisk with 1,158 closings, 131 sales higher than the same period last year.
That is an increase of 12.8%!
How about home inventory levels in Naples FL?
Inventory levels in the Naples real estate market are lower than that of a year ago, there are only 8.0 months of supply this year compared to 9.3 in 2018. April saw the number of new condominium listings increase by 9.2 percent; whereas there was a decrease of 3.2 percent for new listings in the single-family homes market.
What does all this mean?
Given the overall balance between supply and demand, opportunities exist for both buyers and sellers. Buyers, currently, have more options than in recent years. Moreover, sellers, if their homes are priced competitively, should be able to sell in a reasonable timeframe at a price in line with recent closed sales.
Read the complete Naples Real Estate Report, provided by John R Wood Properties.
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