August 2019 Naples Area Market Report

Dated: 09/19/2019

Views: 259

Sales for the 12-month period ending August 31st were up 6% compared to the preceding 12 months, while year-to-date and monthly sales for August were consistent with those of last year. Year-to-date, price segments up to $750,000 reflected a 2.1% increase in the number of closed sales, while segments between $750,000 and $5M were down by 6.4%.

 The rate at which new listings entered the market in August slowed by 8.4% compared the same month to a year ago, reflecting an ongoing trend now resulting in a 5.2% decrease in year-to-date new listings. This trend is most consistent in price ranges below $750,000. The overall number of active listings have decreased, as well, with 4.6% fewer listings on the market as of September 1st when compared to the same date last year. Listings priced below $750,000 were down 7.4%, while those priced from $750,000 to $5M were up 3.1%.

 With an increased pace of sales over the past 12 months and fewer listings entering the market, it stands to reason that months of inventory would decrease . As of September 1st, the marketplace posted 5.49 months of inventory, an 8.7% drop from the same date last year when 6.01 months was posted. 

 Overall, the Naples real estate market continues to move in a positive direction with healthy inventory levels, steady sales, and stable pricing.


For a more detailed market report, click below:

https://issuu.com/www.johnrwood.com/docs/monthly_market_report_aug_2019-booklet?fr=sMWE0ZDE2NDUz

Blog author image

Rowan Samuel

Rowan Samuel has lived many lives. Originally from Zimbabwe (Rhodesia), he and his family immigrated to the U.S. in 1980 to escape the brutal Mugabe regime - they lost everything when they came to Am....

Want to Advertise on this Site?

Latest Blog Posts

We Are Here For You

We just wanted to reach out to you to say we are here for you.  These are certainly challenging times for all of us.  Most importantly, take time to take care of yourself, your family and

Read More