Nice Naples Homes

NAPLES AREA: BUYING FRENZY DIPS WITH INVENTORY
With less than a one month supply of inventory available, the Naples area housing market experienced a 14.5 percent decrease in overall pending sales in June to 1,256 pending sales from 1,469 pending sales in June 2020. Overall inventory decreased 78.8 percent to 1,271 homes in June from 6,003 homes in June 2020. The tight inventory isn’t squelching demand quite yet. Closed sales in June increased 67.8 percent to 1,505 closed sales from 897 closed sales in June 2020. The median closed price in June increased 30.3 percent to $465,000 from $357,000 in June 2020. However, for the 12-months ending June 2021, the median closed price for condominiums over $2 million actually decreased 9.4 percent. Sales of condominiums during June skyrocketed 98.7 percent to 767 closed sales of condominiums from 386 closed sales of condominiums in June 2020.

Summer is here! With that being said it is still a great time to consider buying or selling. If you're interested in a free Home Value to see what your house is worth, please contact Ken Johnson at 239-825-3378