Naples Area Real Estate Stats

http://campaign.r20.constantcontact.com/render?m=1101743794776&ca=823a265f-39fe-48dc-a757-8d46de952fd2

I think this is a little correction right now, pending and closed sales are down, and inventory is up! It is good to have it level out a bit.

CATEGORIES	MAY 2016	MAY 2015	CHANGE
Total homes under contract (pending sales)	921	977	-6%
Total closed sales	838	1,010	-17%
Median closed price	$338,000	$332,000	2%
Total active listings (inventory)	5,207	3,800	37%
Average days on market	73	75	-3%
Single-family closed sales	396	430	-8%
Single-family median closed price	$432,000	$427,000	1%
Single-family inventory	2,744	2,168	27%
Condominium closed sales	442	570	-22%
Condominium median closed price	$276,000	$268,000	3%
Condominium inventory	2,463	1,632	51%

Additional activity of interest in the NABOR® May 2016 Market Report includes:

• Overall pending sales in the $300,000 to $500,000 price segment increased 1 percent to 258 in May 2016 from 256 in May 2015.
• Overall pending sales for single-family homes in the East Naples geographic area (34114, 34117, 34120, 34137) increased 14 percent to 129 in May 2016 from 113 in May 2015.
• Overall closed sales in the Immokalee/Ave Maria geographic area (34142) increased 26 percent to 48 homes in the 12-months ending May 2016 from 38 homes in the 12-months ending May 2015.
• Median closed price for condominiums in the $2 million and above price category decreased 19 percent to $2,275,000 in May 2016 from $2,800,000 in May 2015.
• Inventory for single-family homes under $300,000 decreased 5 percent to 291 homes in May 2016 from 307 homes in May 2015.
• Inventory for condominiums in the $1 million to $2 million price category increased 92 percent to 190 in May 2016 from 99 in May 2015.
• Inventory for condominiums in the Naples Beach geographic area (34102, 34103, 34108) increased 71 percent to 638 condominiums in May 2016 from 373 condominiums in May 2015.
• Inventory for condominiums in the North Naples geographic area (34109, 34110, 34119) increased 66 percent to 673 condominiums in May 2016 from 406 condominiums in May 2015.
• Average days on market for single-family homes in the $1 million to $2 million price category saw the largest decrease, 38 percent, to 81 days in May 2016 from 130 days in May 2015.