Naples Real Estate Report! July 26, 2022
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Naples Real Estate Report
It’s Still a Seller’s Market
The desire to live in Southwest Florida continues to fuel real estate sales. Inventory of homes “For Sale” has increased since early this year but still less than a three month supply available! If you are considering buying or selling a home, please contact me for a free market analysis.
Real Estate News
Naples Area Real Estate Market Report – Naples Area Board of REALTOR® (NABOR®) released the June Market Report. Here are a few interesting statistics and comments:
- Data shows signs of a return to pre-pandemic summer activity when market conditions were balanced
- International buyers are coming back to Florida
- Inventory of homes for sale continues to increase but still far below the level that was the norm several years ago
- Nearly 50% of the June inventory had a price reduction
- The frenzy of homes selling in several days and above list price is over
June 2022 compared to June 2021:
For details, trends, and year-to-date Naples area market statistics click here. Highlights from the June 2022 market report compared to June 2021:
Categories | June 2021 | June 2022 | Change |
---|---|---|---|
Total showings (month/month) | 34,429 | 23,057 | -33% |
Total closed sales (month/month) | 1,545 | 952 | -38.4% |
Total pending sales (homes under contract) (month/month) | 1,256 | 794 | -36.8% |
Median closed price (month/month) | $458,281 | $604,000 | 31.8% |
New listings (month/month) | 1,170 | 1,169 | -0.1% |
Total active listings (inventory) | 1,271 | 2,294 | 80.5% |
Average days on market | 30 | 18 | -40.0% |
Single-family closed sales month/month) | 755 | 438 | -42.0% |
Single-family median closed price (month/month) | $615,000 | $750,000 | 22.0% |
Single-family inventory | 784 | 1,435 | 83.0% |
Condominium closed sales (month/month) | 790 | 514 | -34.9% |
Condominium median closed price (month/month) | $339,050 | $497,500 | 46.7% |
Condominium inventory | 487 | 859 | 76.4% |
About Our Company
MVP Realty Associates, LLC – MVP Realty is a Naples based real estate company with agents and offices located throughout Florida:
- Exceeded $2.5 billion in home sales in 2021 and closed over 8,000 transactions
- One of the largest real estate companies in Florida
- Top 1% in total sales transactions
- The #2 real estate company in SWFL
- More than 20 offices across Florida
- Over 1,100 agents who will help market your property to prospective Buyers
- Fastest growing real estate company in Florida the past eight years
- Brokers have 75+ years of broker experience
- Best agent training, technology and tools in the industry