Southwest Florida Real Estate Market Report 
Market Report

June Market Report Shows Strong Showing Activity

 

Naples, Fla. (July 19, 2019) - Naples was recently voted the number one southern "boomtown", which might be one reason showings were up during June. The June 2019 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), revealed that 500 potential buyers were shown homes for sale in the Naples area every day during June. Closed sales in the Naples area during June decreased 10.3 percent compared to closed sales in June 2018, but closed sales since January have only decreased .7 percent. In fact, closed sales over the last 12 months are up in all price categories below $1 million.
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Broker analysts reviewing the June 2019 Market Report recommend sellers consult a REALTOR® before listing a home for sale. A REALTOR® can help a seller price a home competitively. They can also maximize the home's marketing and help the seller or buyer every step of the way.

A shift in buyer interest to single family homes in lower price categories during the second quarter of the year was confirmed by broker analysts. During June, new listings for single family homes decreased 7.1 percent, while new listings for condominiums decreased 4.2 percent.

According to the report, there were 798 price decreases in June. Yet the month's overall median closed price increased 1.4 percent to $335,000 from $330,400 in June 2018. The single-family home median closed price decreased 8 percent in June, while the condominium market median closed price increased 1.9 percent.

The NABOR® June 2019 Market Reports provide comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings: 

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JUNE 2018

JUNE 2019

CHANGE

Total closed sales (month/month)

996

893

-10.6%

Median closed price (month/month)

$330,400

$335,000

+1.4%

Total active listings (inventory)

6,353

5,531

-12.9%

Average days on market 

94

104

+10.6%

Single-family closed sales (month/month)

487

464

-4.7%

Single-family median closed price (month/month)

$435,000

$400,000

-8.0%

Single-family inventory

3,223

2,852

-11.5%

Condominium closed sales (month/month)

509

429

-15.7%

Condominium median closed price (month/month)

$260,000

$265,000

+1.9%

Condominium inventory

3,130

2,679

-14.4%

 

View the June 2019 Market Statistics

 

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