February Report Shows New Opportunities in Naples Housing Market

Release Date: March, 2016

• Overall pending sales decreased 22 percent to 993 in February 2016 from 1,280 in February 2015.

• Pending sales for single-family homes in the $500,000 to $1 million price category increased 42 percent to 126 single-family homes in February 2016 from 89 single-family homes in February 2015.

• Overall closed sales decreased 2 percent to 9,595 homes in the 12-months ending February 2016 from 9,791 homes in the 12-months ending February 2015.

• Overall median closed price increased 13 percent to $310,000 in the 12-months ending February 2016 from $275,000 in the 12-months ending February 2015.

• Overall inventory increased27 percent to 5,577 homes in February 2016 from 4,406 homes in February 2015.

• Condominium inventory for the $300,000 to $500,000 price category increased 54 percent to 718 condominiums in February 2016 from 465 condominiums in February 2015.

• Average days on market decreased 15 percent to 79 days in February 2016 from 93 days in February 2015.

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