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Real Estate Market News

Naples Florida Summer Housing Market Momentum Expected to Continue into Fall

Closed sales activity in the Naples, Florida, area housing market maintained steady momentum through August with a 35.2% increase in overall closed sales to 1,098 closed sales from 812 in August 2019. According to the August 2020 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County, home buying activity in Naples during the last three months exceeded activity reported in the first three months of 2020, more typically known as our peak resident season. This momentum, driven by more closed sales, more new pending sales, and an increase in new listings compared to a year ago, is likely to set the Naples area housing market up for continued positive performance into the fall months.

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Naples Florida Housing Market Sees Summer Sales Surge

The Naples, Florida, housing market experienced a continued surge in activity during July, which resulted in a 57.3% increase in pending sales (homes under contract) for the month. Closed sales during July increased 35.4% compared to July 2019 - greatly surpassing June's closed sales activity following the lifting of COVID-19 restrictions. However, a decreasing supply of inventory is making it difficult to keep up with the strong buyer demand.

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Fla.’s Single-Family For-Sale Inventory Hits Record Low in 2nd Quarter

There’s never been a better time to sell a home. Fla. had only a 2.8-months’ supply of single-family homes in the second quarter – the lowest amount since at least 2008. Economists generally consider a six-month supply to be balanced between buyers and sellers.

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Fla.’s Housing Market Shows June Upswing Despite COVID-19

Florida Realtors’ data shows more pending sales and higher median sales prices year-over-year in June. Single-family closed sales rose 1.3% – 1st increase since March and a significant change compared to April and May.

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NAR: Pending Home Sales Soar 44.3% in May

Pending Home Sales Soar 44.3% in May. The increase broke all records since NAR started tracking the sales. At May’s 99.6, the pending sales level was about equal to those in 2001. 

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