Naples Real Estate Report! May 28, 2022
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Naples Real Estate Report
Real Estate News
Naples Area Real Estate Market Report – Naples 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:
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
