Just Released: SW Florida Real Estate Report. Read detailed reports here to see how Naples, Estero, Bonita Springs & Marco Island performed in August 2019.
Sales for the 12-month period ending August 31st were up 6% compared to the preceding 12 months. Year-to-date and monthly sales for August are consistent with those of last year. Year-to-date, price segments up to $750,000 reflect a 2.1% increase in the number of closed sales, while segments between $750,000 and $5M are down by 6.4%.
Click on either of the links below to view the August 2019 Market Report for NA-BN-ES-MI
New Listing Entries
The rate at which new listings entered the market in August is slower by 8.4% compared the same month to a year ago. This reflects an ongoing trend now resulting in a 5.2% decrease in year-to-date new listings. This trend is most consistent in price ranges below $750,000. The overall number of active listings have decreased, as well. There are 4.6% fewer listings on the market as of September 1st when compared to the same date last year. Listings priced below $750,000 were down 7.4%, while those priced from $750,000 to $5M were up 3.1%.
With an increased pace of sales over the past 12 months and fewer listings entering the market, it stands to reason that months of inventory would decrease . As of September 1st, the marketplace posted 5.49 months of inventory, an 8.7% drop from the same date last year when 6.01 months was posted.
Overall, our market continues to move in a positive direction with healthy inventory levels, steady sales, and stable pricing.
Preparing for Season
Thanksgiving is only ten weeks away, and there have already been reports of car carriers arriving from northern climates. Season will be here before we know it. This is the time of year when those wishing to sell their homes this season should be preparing to get it listed.