by Brent Jeansonne MS, GRI
Naples, Fla. (June 25, 2021) – At present, we’re in a Sellers Market! Where by, homes in the Naples area were being sold at 99.1 percent of the list price in May. In May 2021, a push in prices upward is a result of a tight inventory and buyer demand, which resulted in an overall median closed price increase of 29.4 percent from $335,000 in May 2020 to the May 2021 being $433,500. This information is from the May 2021 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). Broker analysts reviewing the report predict continued price increases in 2021, but noted monthly showing and sales activity is beginning to show signs of deceleration from the remarkable market experienced during the first quarter of 2021. Prices are stabilizing and although we are in a Sellers Market, as homes are sold others are going on the market. So, the wheels of Naples real estate are constantly moving.
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Reference: The Naples Area Board of REALTORS® (NABOR®)
