Naples, Fla. (January 18, 2019) – The Naples area housing market ended 2018 with impressive annual activity statistics in all areas of the residential real estate market including an 11 percent increase in total closed sales and a 14 percent increase in inventory compared to 2017. Sales of homes over $1 million continued to drive the market in 2018, especially in the condominium market where closed sales of condominiums over $1 million increased 37 percent! According to the Year End 2018 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), inventory at the end of 2018 was the highest on record in six years.

5 POSITIVE TRENDS FOR SELLERS
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5 POSITIVE TRENDS FOR BUYERS |
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CATEGORIES
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YE 2017
|
YE 2018
|
CHANGE
|
Total homes under contract (pending sales) (year/year)
|
9,121
|
9,365
|
+3%
|
Total closed sales (year/year)
|
8,815 | 9,771 | +11% |
Median closed price (year/year)
|
$330,000 | $339,000 | +3% |
Median closed price >$300K (year/year)
|
$514,000 | $510,000 | -1% |
Total active listings (inventory)
|
5,491 | 6,261 | +14% |
Average days on market
|
104 | 95 | -9% |
Single-family closed sales (year/year)
|
4,347 | 4,768 |
+10%
|
Single-family median closed price (year/year)
|
$418,000 | $425,000 | +2% |
Single-family inventory
|
2,685 | 3,131 | +17% |
Condominium closed sales (year/year)
|
4,468 | 5,003 | +12% |
Condominium median closed price (year/year)
|
$263,000 | $265,000 | +1% |
Condominium inventory
|
2,806 | 3,130 | +12% |
If you are looking to buy or sell a home in Naples, contact The Wakelin Team as we have the experience and knowledge to provide an accurate market comparison or negotiate a sale. We can ensure your next purchase or sale in the Naples area is a success.