Naples Real Estate Market Update- November 2015

The November numbers are in and they show that clearly 2015 is shaping up to be about the same or maybe a little better than 2014 for number of closed sales in  Naples.  We are showing about 9,800 closed transactions in Naples over the past 12 months, and that does not even include the new construction sales, which are increasing each month!

Overall, the inventory is just about the same as it was last year at this time, with about 5 months of inventory on the market.  We are experiencing an overall days on market of 77 days.  This varies in each price range and location, of course

The difference this year is the number of homes available for sale in the under $300,000 range, this has dropped by 20% , as housing prices climb, there are fewer homes for sale in the under $300,000 range.  We currently have only 335 single family homes for sale in the price range and 768 condominiums are available.  More and more first time buyers are buying condos instead of single family because of the inventory shortage. Click here to search Naples Florida Homes