Low Inventory & High Demand Continues to Push Home Prices Up in January
Naples, FL (February 25, 2022) – A 34.5 percent increase in new listings sparked 19,277 more showings during January compared to new listings and showings reported in December 2021. While an increase in new listings demonstrates a solid start for the real estate market this year, low inventory continues to harness the market’s potential. As a result of tight inventory, January sales activity could not meet the level of sales activity reported in January 2021. Historically, month to month sales activity during season ascends through April. But according to broker analysts reviewing the January 2022 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), a 74.9 percent decrease in inventory for January to 1,122 homes from 4,474 homes in January 2021 will not provide the same level of sales transactions that occurred last season.
- Owners of rental property that require substantial maintenance and who could gain the same or more profit from investment dividends
- Older homeowners whose future plans include living in a retirement or assisted living community
- Empty nesters who don’t require a large single-family home anymore
- Second-home owners who would enjoy a profit and can purchase a Naples home closer to retirement