More Naples Area Homes For Sale Today
Activity in the real estate marketplace for the month of May continued to follow a self-correcting path with areas of impressive growth and opportunity, according to the May 2016 MLS Market Report release by the Naples Area Board of REALTORS. iT HIGHLIGHTED INCREASING CONSUMER CONFIDENCE AS SELLERS RETURNED TO THE MARKET, RESULTING IN A 37% INCREASE IN OVERALL INVENTORY. May’s pending and closed sale activity also continued to improve, showing only a slight drop of 6% and 5% as compared month to month over last year’s very strong results. As summer approaches, buyers will be pleased to know that median closed price segments above $300,000 (12 months ending May 2016) remained steady at $338,000 compared to $332,000 in May 2015. The observation can be made that seller have recently adjusted their asking prices to more realistic numbers. This is good news fopr buyers who may have previously found it difficult to choose a new home to purchase within their financial range. The report showed condominium inventory increased in every price segment as well. In fact, it shows a big surge in May listings for condminium listings in both the Naples Beach and North Naples area. The rising inventory offers buyers a wider selection of lower-priced residences to consider this summer. There were 5,207 properties on the market last month compared to just 3,800 one year ago. To sum-up my impressions, following 44 years as a SW Florida Realtor, the Naples market appears to be catching its breath. People looking for a housing bargain this summer should be able to easily find one.