What happened to the Naples real estate market in May 2019?
The Naples Market Report for May
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 May 2019 sales were brisk with 1,165 closings, 104 sales higher than the same period last year.
That is an increase of 9.8%!
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 7.3 months of supply this year compared to 8.8 in 2018. May saw the number of new condominium listings decrease by 11.9 percent; whereas there was an increase of 1.2 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.
Overall Median Home Prices in Naples FL
Read the complete Naples Real Estate Report, provided by John R Wood Properties.
Want more information?
Sign up for our newsletter.