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Naples Real Estate Report! May 28, 2022


Naples Real Estate Report

Naples real estate

Real Estate News

Naples Area Real Estate Market ReportNaples Area Board of REALTOR® (NABOR®) released the April Market Report. Here are a few interesting statistics and comments:
  • Inventory of single-family homes up nearly 40% in a month resulting in highest level since March 2021
  • Market self-correcting with 33% of home inventory with price reduction in April
  • There is virtually no data in the MLS for home sales priced below $300,000 with only 96 properties in this category in April’s inventory
  • Median closed prices continue to rise in the single-family home market while median condo prices decreased compare to March
  • Rising mortgage rates are likely reducing the number of qualified buyers but it did not negatively impact buyer interest in April
  • Backup offers are being recommended as over 600 properties that went pending were put back onto the market in the last two months

April 2022 compared to April 2021:
Naples real estate

For details, trends, and year-to-date Naples area market statistics click here. Highlights from the April 2022 market report compared to April 2021:

Categories April 2021 April 2022 Change
Total showings (month/month) 52,540 37,914 -28%
Total closed sales (month/month) 1,926 1,227 -36.3%
Total pending sales (homes under contract) (month/month) 2,037 1,377 -32.4%
Median closed price (month/month) $440,000 $599,000 36.1%
New listings (month/month) 1,494 1,454 -2.7%
Total active listings (inventory) 1,432 1,668 -16.5%
Average days on market 55 16 -70.9%
Single-family closed sales month/month) 838 569 -32.1%
Single-family median closed price (month/month) $605,000 $810,000 33.9%
Single-family inventory 729 1,017 39.5%
Condominium closed sales (month/month) 1,088 658 -39.5%
Condominium median closed price (month/month) $318,000 $460,000 44.7%
Condominium inventory 703 651 -7.4%

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

Please contact me for your home selling and home buying needs…for both new construction and resale residential properties.

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