NABOR August 2018 report: Naples housing market shows strength
The NABOR August 2018 report, produced by the Naples Area Board of REALTORS® (NABOR®), indicates strength showing increase in home sales and in raising inventory.
“Closed sales of properties during August increased 5 percent to 719 homes from 685 homes in August 2017”, according to the August 2018 Market Report released by the Naples Area Board of REALTORS® (NABOR®).
This August report affirms that the “inventory during August also rose by 2 percent and was driven by a surge of 218 more properties added to the market in the two lowest price categories reported, compared to August 2017.”
The report includes optimistic numbers for the pending sales of condominiums in the $500,000 to $1 million price range stating that “pending sales of condominiums in the $500,000 to $1 million price range soared 28 percent in August.”
Adding to the optimism, NABOR assures that “pending sales for single family homes above $300,000 increased as well, with an impressive 62 percent increase for single family homes in the $2 million and above price category.”
Check some interesting data showing in this August 2018 Infographic:
The whole NABOR August 2018 report can be read at the NABOR Market Statistics page →.
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