Southwest Florida Real Estate Market Report 
Market Report



Southwest Florida Area Real Estate Market Report

April Report Shows Market Resurgence Continues

 

Naples, Fla. (May 24, 2019) - Closed sales during April in the Naples housing market increased 12.8 percent to 1,158 properties in April 2019 from 1,027 properties in April 2018. Broker analysts reviewing the April 2019 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), reported that April was a solid month with strong sales activity in both the single-family and condominium markets.
file

 

The NABOR® April 2019 Market Reports provide comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings: 

CATEGORIES

APR 2018

APR 2019

CHANGE

Total closed sales (month/month)

1,027

1,158

+12.8%

Median closed price (month/month)

$360,000

$340,000

-5.6%

Total active listings (inventory)

7,239

6,435

-11.1%

Average days on market 

94

98

+4.3%

Single-family closed sales (month/month)

481

502

+4.4%

Single-family median closed price (month/month)

$445,000

$469,000

+5.4%

Single-family inventory

3,554

3,228

-9.2%

Condominium closed sales (month/month)

546

656

+20.1%

Condominium median closed price (month/month)

$269,750

$272,250

+.9%

Condominium inventory

3,685

3,207

-13%

Geographically, closed sales skyrocketed in April for the Naples Beach area (34102, 34103, 34108), which had a 44.6 percent increase in closed sales for its single-family homes market and a 12.5 percent increase in closed sales for its condominium market. Also remarkable, the Central Naples area (34104, 34105, 34116) had a 22 percent increase in closed sales of condominiums while the East Naples area had a 36.4 percent increase in condominium sales and the South Naples area (34112, 34113) topped them all with an impressive 49 percent increase in closed sales of condominiums during April.

One trend that continues to be applauded by broker analysts is the adoption by sellers to price their homes appropriately - based on actual comparisons of recently sold homes - in order to gauge their home's estimated value rather than pricing their homes based on unvalidated values.

View the April 2019 Market Statistics

Around Florida and the nation

Freddie: Mortgage rates won’t go as high as we thought

Gov. DeSantis signs ‘AOB’ insurance reform bill

April new-home sales drop 6.9%

Online estimates more accurate but still just estimates

Are hybrid appraisals becoming the new normal?

AI won’t replace Realtors – but prepare for a change