Naples Area Board of RealtorsSpike in July Home Sales, a Sign of Heightened Buyer Interest

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CLOSED SALES

During the 12-month period ending July 31, 2019 a total of 12,705 sales were reported, up 5.3% from the same period the prior year when there were 12,064 sales. Closed sales priced above $2 million were up 1.6% from 505 to 513.

New Listings/Inventory

Available inventory as of August 1, 2019 totaled 6,145 units, down 2.5% compared to 6,304 units as of the same date the prior year. Months of supply, at 5.8 months, was down 7.4% compared to 6.27 months posted a year ago. New listings added over the 12-month period ending July 31, 2019 were up 3.5% to 19,601 compared with 18,932 listings added during the preceding 12-month period.

Average and Median Sales Price

The average price for closed sales over the 12-month period ending July 31, 2019 was $560,397, down 1.3% compared to the preceding 12-month period. The median price was unchanged. The average price for sales above $2 million over the past 12 months was up 4.3% to $3,962,216 compared to $3,798,666 for the preceding 12-month period.

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Best regards,
 

Michael Dorobanti
Direct: 239.273.8374
Selling Naples and Manhattan since 1994
Top 1% of all Naples Realtors

Downing Frye Realty-Old Naples Office
180 9th Street South
Naples, Fl 34102

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Michael

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