A Closer Look at Single-Family Homes
Another sign of stabilization in our market is that the 0-$300,000 single-family home inventory is up 25%, from 278 properties in August 2017 to 347 in August 2018. This segment had been consistently losing inventory year over year and had seen median price increases anywhere from 20% to 25% coming out of the recession. Most recently, the number of closed sales is down 25% and the median price is up only 4%. This is an interesting change in the market, noted Carroll.
A Closer Look at Condos
If you are considering moving to Naples or selling your Southwest Florida home, I’d love to chat with you.