November 2019 saw an increase of 27% in the pending sales (homes under contract) and a 46% increase in the number of showing of active properties as compared to November 2018. This reflects in more buyers coming to town, experiencing our beaches, our restaurants and events and deciding to purchase before the traditional high season of January through March.
Brenda Fioretti, a local managing broker states “we currently have a six month supply of inventory, which offers Naples a great advantage over other popular areas of Florida like Tampa and Orlando, which currently have two to three months of inventory”.
Overall, closed sales in November increased 2.4%, but the single family home market had an increase of 5.3%. Condominium sales decreased 0.6%.
“With overall inventory down and showings up, now is a great time to put your home on the market” said Fioretti. The reduction in inventory is coming from resale homes but also from the new construction developers who are “just about sold out” according to Adam Vellano, a local real estate sales manager “thus contributing to some of the decrease in overall home inventory”.
Contact HOUSEofNaples.com at 239-784-7844 to discuss the Naples real estate market or to receive an in depth analysis of your home. We look forward to working with you!