The NABOR® First Quarter 2016 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR® First Quarter 2016 sales statistics are presented in chart format, including these overall (single-family and condominium) findings:
• Overall pending sales decreased 23 percent to 2,786 in 1Q 2016 from 3,628 in 1Q 2015.
• Pending sales for single-family homes in the $500,000 to $1 million price category increased 11 percent to 308 single-family homes in 1Q 2016 from 277 single-family homes in 1Q 2015.
• Overall closed sales decreased 5 percent to 9,352 homes in the 12-months ending 1Q 2016 from 9,873 homes in the 12-months ending 1Q 2015.
• Overall median closed price increased 12 percent to $311,000 in the 12-months ending 1Q 2016 from $278,000 in the 12-months ending 1Q 2015.
• Overall inventory increased 33 percent to 5,651 homes in 1Q 2016 from 4,253 homes in 1Q 2015.
• Inventory for condominiums in the $300,000 and below price category increased 33 percent to 1,181 condominiums in 1Q 2016 from 887 condominiums in the 1Q 2015.
• Average days on market decreased 9 percent to 77 days in 1Q 2016 from 85 days in 1Q 2015.
The NABOR® March 2016 Market Report reflects these overall (single-family and condominium) findings:
• Overall pending sales decreased 25 percent to 1,136 homes in March 2016 from 1,520 homes in March 2015.
• Overall closed sales decreased 25 percent to 794 homes in March 2016 from 1,063 homes in March 2015.
• Closed sales in the $500,000 – $1 million single-family home price category increased 34 percent to 90 single-family homes in March 2016 from 67 single-family homes in March 2015.
• Overall median closed price increased 8 percent to $323,000 in March 2016 from $300,000 in March 2015.
• Overall median closed price increased 101 percent in the Immokalee/Ave Maria area to $239,000 in March 2016 from $119,000 in March 2015.
• Median closed price for condominiums in the $2 million and above price category increased 18 percent to $2,837,000 in March 2016 from $2,405,000 in March 2015.
• Overall inventory increased 33 percent to 5,651 homes in March 2016 from 4,253 homes in March 2015.
• Inventory for condominiums in the $1 million to $2 million price category increased 61 percent to 208 condominiums in March 2016 from 129 condominiums in March 2015.
• Average days on market decreased 4 percent to 76 days in March 2015 from 79 days in March 2015.