Naples Area Real Estate Activities │ APR 2022

Naples Area Real Estate Activities

Real estate trends are always in flux. Fortunately, understanding the fundamentals of the market can help you stay on top of all these changes. Here’s what you need to know about the latest Naples Area Real Estate Activities

NAREA Apr 2022 vs Apr 2021 - Engel and Volkers _ NABOR

Overall inventory in Naples during April increased 16.5 percent to 1,668 properties from 1,432 properties in April 2021. Fueled by a swell of new single-family home listings, up 5.7 percent over last year, broker analysts reviewing the April 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), are confident the Naples area real estate activities has reached a crossroad and is making its turn toward a balanced and healthy market. Demand for the Naples lifestyle remains strong. Days on market for April were 16 days, considerably less than the historic 90-day average. As inventory begins to rise, days on market may increase and list prices in some neighborhoods may shift down slightly; but broker analysts agree that we should not expect home prices to drop to anywhere near pre-pandemic levels. Even though inventory rose 39.5 percent in the single-family home market during April, pent-up demand for this property type did not temper its median closed price.

Rising mortgage rates are likely reducing the number of buyers who can get pre-qualified for a home purchase in Naples, but it did not negatively impact buyer interest during April. In fact, there were over 200 more showing appointments during the month than reported in March, and 66.7 percent of all closed sales in April were cash sales.

The housing market is always changing. If you are looking to sell a home in Naples, contact Frank Procopio │ The Naples Agent!