The median list price for single family homes decreased slightly from June to July 2017, with less than a 1% change. Naples listing prices had been on a slight incline, peaking in May 2017, and steadily declining since. The decline looks to continue into August.
Inventory has also been on a decline since April 2017, and this month it is at it’s lowest since September 2016.
Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in July. Meanwhile, the median house size sold has remained the same from June to July.