NABOR: Naples 2018 3Q housing market remains strong
One year after Hurricane Irma, the Naples 2018 3Q Housing Market report shows overall closed sales increasing 62% over September 2017.
This impressive increase in month over month sales is a result of the effect of the hurricane when home sales halted following the massive storm.
The September Market Report shows how resilient and desirable our market is. A 3% increase in pending and closed sales, year over year, is strongly considering the reduced sales activity during the troubled period following the hurricane.
The September 2018 statistics show that our market is in a very good position to see positive activity for the 4th quarter.
— Pending Sales up 20%. Closed sales up 13%.
— Median closed price up 3%. Inventory up 4%. Days on market decreased 1%.
— 3Q Pending sales were driven by $1-2M up 18% and $2M + up 50%.
Check some interesting data showing in this August 2018 Infographic:
Within these 2 categories the condominium market saw greater increases in activity than the single-family category.
As always a Real Estate investment in Naples, FL is a sound investment!
Whether you are interested in selling or buying a home in Naples allow my 18 years of experience and knowledge provide you with an accurate market comparison of your property, and ensure your next purchase is a success!
You may find the complete NABOR September 2018 report at the NABOR Market Statistics page →.
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