Naples Real Estate Report! September 26, 2022
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Naples Real Estate Report
Moving Towards a Balanced 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 several years ago! 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 August Market Report. Here are a few interesting comments:
- Market is becoming more balanced as inventory and days on the market increase
- Seller and Buyer behaviors resemble a healthy market environment
- Housing demand continues to be strong and prices are realistic
- August showings were higher than June and July
August 2022 compared to August 2021:
For details, trends, and year-to-date Naples area market statistics click here. Highlights from the August 2022 market report compared to August 2021:
Categories | August 2021 | August 2022 | Change |
---|---|---|---|
Total showings (month/month) | 30,214 | 26,191 | -13.0% |
Total closed sales (month/month) | 1,057 | 669 | -36.7% |
Total pending sales (homes under contract) (month/month) | 1,101 | 895 | -18.7% |
Median closed price (month/month) | $440,000 | $575,000 | 30.7% |
New listings (month/month) | 1,023 | 850 | -16.9% |
Total active listings (inventory) | 1,249 | 2,140 | 71.3% |
Average days on market | 23 | 31 | 34.8% |
Single-family closed sales month/month) | 548 | 488 | -10.9% |
Single-family median closed price (month/month) | $580,500 | $725,000 | 24.9% |
Single-family inventory | 742 | 1,363 | 83.7% |
Condominium closed sales (month/month) | 508 | 324 | -36.2% |
Condominium median closed price (month/month) | $339,500 | $455,000 | 34.0% |
Condominium inventory | 507 | 777 | 53.3% |
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 1,200 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