August home sales continued to surge upwards in our Naples market. This summer’s Closed Sales have eclipsed the ‘season’ Closed Sales numbers. There was a 35.2% increase in overall Closed Sales, with Buyers preference for single family homes tilting the scales with an increase in 76.4%.
“Increased Buyer demand is helping to move some of our old inventory” said local Sales Manager. The number of days on market decreased in August by 5.9% to 96 days, as compared to 102 days in August 2019.
“I think we’ve turned a corner and can safely say that we are now in a Seller’s market” said another local Broker Manager. “We’ve have 4.8 months of inventory and median Closed Prices are on the rise”.
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