August Home Sales Strong as Prices Hold Steady – Naples Real Estate Aug 2019
Naples, Fla. (September 20, 2019) – Closed sales of homes in Collier County increased 7.4 percent in August, but overall inventory fell 17.8 percent to 4,917 properties compared to 5,980 in August 2018, according to the August 2019 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). This reduction in inventory – which included 616 homes that were either terminated, expired or withdrawn from the Southwest Florida MLS in August – resulted in a six-month supply of inventory for Collier County at the end of August.
The August ShowingTime report indicated that local REALTORS® scheduled 16,878 appointments during August. This is an increase of 16 percent compared to showings in August 2018. On average, a home in the Naples area is shown 16 times before it secures a contract. The median closed price in August decreased just 0.2 percent to $317,918, which is only $582 lower than the median closed price in August 2018 ($318,500).
The NABOR® August 2019 Market Reports provide comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings:
|CATEGORIES||AUG 2018||AUG 2019||CHANGE|
|Total closed sales (month/month)||741||796||+7.4%|
|Median closed price (month/month)||$318,500||$317,918||-0.2%|
|Total active listings (inventory)||5,980||4,917||-17.8%|
|Average days on market ||99||103||+4.0%|
|Single-family closed sales (month/month)||356||417||+17.1%|
|Single-family median closed price (month/month)||$405,000||$399,000||-1.5%|
|Condominium closed sales (month/month)||385||379||-1.6%|
|Condominium median closed price (month/month)||$250,000||$245,000||-2.0%|
Reprint from NABOR Market Report – To view the entire report, visit www.NaplesArea.com