CATEGORIES 2Q 2016 2Q 2015 CHANGE Total homes under contract (pending sales) 2,541 2,843 -11% Total closed sales 2,662 3,109 -14% Median closed price $325,000 $318,000 2% Total active listings (inventory) 4,983 3,698 35% Average days on market 76 75 1% Single-family closed sales 1,263 1,388 -9% Single-family median closed price $421,000 $399,000 6% Single-family inventory 2,674 2,133 25% Condominium closed sales 1,399 1,721 -19% Condominium median closed price $259,000 $263,000 -2% Condominium inventory 2,309 1,565 48%
Additional activity of interest in the NABOR® 2Q 2016 Market Report includes:
• Overall pending sales in the East Naples geographic area (34114, 34117, 34120, 34137) increased 2 percent to 511 pending sales in 2Q 2016 from 501 pending sales in 2Q 2015.
• Closed sales for single-family homes in the $1 million to $2 million price category increased 10 percent to 131 single-family homes in 2Q 2016 from 119 single-family homes in 2Q 2015.
• Median closed prices for condominiums in the $2 million and above price category increased 28 percent to $3,875,000 in 2Q 2016 from $3,022,000 in 2Q 2015.
• Overall inventory for homes in the $500,000 to $1 million price category increased 40 percent to 846 homes in 2Q 2016 from 604 homes in 2Q 2015.
• Inventory for condominiums in the $1 million to $2 million price category increased 69 percent to 189 condominiums in 2Q 2016 from 112 condominiums in 2Q 2015.
NABOR® also released its June 2016 Market Report, which included these overall month over month (single-family and condominium) findings:
CATEGORIES June 2016 June 2015 CHANGE Total homes under contract (pending sales) 720 882 -18% Total closed sales 832 875 -5% Median closed price $315,000 $315,000 0% Total active listings (inventory) 4,983 3,698 35% Average days on market 82 73 12% Single-family closed sales 412 431 -4% Single-family median closed price $400,000 $397,000 1% Single-family inventory 2,674 2,133 25% Condominium closed sales 420 444 -5% Condominium median closed price $243,000 $260,000 -7% Condominium inventory 2,309 1,565 48%