May Housing Activity Yields Solid Market in Naples

Overall closed sales in the Naples area totaled 1,024 during May 2018, compared with 1,027 closed sales in May 2017.

Closed sales in May 2018 were higher than all months following May 2017. May also saw inventory levels continue to stabilize.

Closed sales of properties in the $300,000 to $500,000 price category during May increased 21 percent over May 2017, while closed sales in the $300,000 and below price category were just one sale short of the number of closed sales in May 2017.

May’s overall median closed price dropped 5 percent to $337,000 from $355,000 in May 2017. The overall median closed price for homes priced above $500,000 decreased 14 percent to $507,000 from $590,000 in May 2017.

On the high-end side of the market, despite an 11 percent increase in median closed prices, pending sales of properties in the $2 million and above price category increased 23 percent in May 2018 compared to May 2017.

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