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What happened to the Naples real estate market in June 2019?

June real estate market update for Naples FL

The Naples Market Report for June

 

Are you curious about the Naples real estate market?
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.

 


 

May home closings were higher than last year in Naples!

Naples Florida June 2019 home sales were brisk with 12,561 closings, 531 sales higher than the same period last year.

That is an increase of 4.4%!

 

How about home inventory levels in Naples FL?

Inventory levels in the Naples real estate market are the same from of a year ago, there are only 6.9 months of supply currentl. June saw the number of new condominium listings decrease by 14.4 percent; as well as a decrease of 11.5 percent for new listings in the single-family homes market.

Quick facts about the Naples real estate market
Quick facts about the Naples real estate market

 

Overall Median Home Prices in Naples FL

The June 2019 overall median closed price increased 1.4 percent to $335,000 from $330,400 in June 2018.

The single-family home median closed price decreased 8 percent in June, while the condominium market median closed price increased 1.9 percent.

Overall median closed prices in Naples FL
Overall median closed prices in Naples FL

 

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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