The June 2019 Market Report released by the Naples Area Board of Realtors® (NABOR®) revealed that 500 potential buyers were shown homes every day in Collier County (excluding Marco Island). Naples was recently voted the number one “boomtown”.
While there is still 6.9 months of inventory available in Naples, above the Florida statewide average of 4 months, inventory dropped nearly 12% and values are holding steady. This drop in inventory gives sellers more opportunity to sell their homes.
June statistics show that single family homes decreased 7.1% in their list price, which sparked a shift in buyer interest to single family homes. Condominiums new listing prices dropped 4.2%.
“Year over year, only properties above $2million have had price increases”, said a local broker, “In fact, the report shows condominiums under $300,000 have experienced a year over year decrease of 7.6%.
Contact HOUSEofNaples.com at 239-784-7844 to discuss the Naples market or to receive an in depth analysis of your home. We look forward to working with you.