Closed sales of homes grew 20%, from 561 in October 2018 to 674 October 2018. The inventory jumped 20% as well to 5,992 homes for sale, the highest October inventory level since 2012…good news for Buyers.
Single family home inventory grew by 79% for those priced under $300,000. This jump in inventory reflects the region’s recovery after Hurricane Irma in 2017, though desirable areas West of US 41 do see inventory tightening, according to Cindy Carroll, SRA, of Carroll Appraisers & Consultants.
Of course, this inventory jump is showcasing the preparation for the Naples season, January through March, the prime home selling season.
Median close price increase 1% to $344,000 from $342,000 in October 2017.
Contact HouseofNaples.com at 239-784-7844 to get an in depth analysis of your home. We look forward to working with you!