Market Updates

Sept. 15, 2023

Market Watch September 2023

SW Florida - Slow & Steady Market

By Robert Nardi

While much of America grapples with unfamiliarly high interest rates that have stalemated the resale home market, broker analysts reviewing the July 2023 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier ...

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Posted in Market Updates
Aug. 15, 2023

Market Watch August 2023

Prices Holding Steady!

By Robert Nardi
Broker analysts reviewing the June 2023 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), believe a surge in summer travel contributed to the reduction in home sales in Naples during ...

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Posted in Market Updates
July 10, 2023

Market Watch July 2023

Inventory is Still Tight!

By Robert Nardi

A slight reduction in overall median closed price and fewer new listings during May indicate a window of opportunity for buyers and sellers in the next few months. According to the May 2023 Market Report by the Naples Area Board of REALTORS® (NABOR® ...

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Posted in Market Updates
June 19, 2023

Market Watch June 2023

Location and Inventory

By Robert Nardi

The Naples real estate market enjoyed another month of increased home values driven mainly by another month of below-typical inventory levels. According to the area's top real estate brokers, resale home inventory in Naples this year will unlikely spike to levels we enjoyed ...

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Posted in Market Updates
May 14, 2023

Market Watch May 2023

Not a Buyers or Sellers Market

By Robert Nardi

Closed sales of homes in Naples during the first quarter of 2023 exceeded closed sales reported in the first quarter of 2019 (pre-COVID), when inventory levels were nearly three times the current level. According to the March 2023 Market Report by ...

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Posted in Market Updates
April 9, 2023

Market Watch April 2023

Inventory continues to Increase

By Robert Nardi

Buyers in February 2023 had more choices to select properties than in the past. Overall inventory increased 131.4 percent to 2,835 properties from 1,225 properties in February 2022. Broker analysts reviewing the February 2023 Market Report by the Naples Area ...

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Posted in Market Updates
March 13, 2023

Market Watch March 2023

Inventory Continues to Grow!

By Robert Nardi

Evidence of growing confidence in the Naples real estate market revealed itself in January as new sellers entered the sales market. New listings in January rose 74.5 percent compared to December 2022 and 3.2 percent to 1,338 new listings from ...

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Posted in Market Updates
Feb. 13, 2023

Market Watch February 2023

Demand and Interest Rates

By Robert Nardi

In the first year after a two-year interruption in regular activity caused by the COVID-19 pandemic, the Naples real estate market is stable in terms of value. Still, buyers have fewer homes to choose from, and prices have elevated. As pandemic restrictions loosened ...

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Posted in Market Updates
Jan. 8, 2023

Market Watch January 2023

Purchasing and Insurance!

By Robert Nardi
According to the November 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), there were 552 overall closed sales in November, which is a 41.4 percent decrease from 942 ...

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Posted in Market Updates
Dec. 19, 2022

Market Water December 2022

Hurricane Ian and a Balanced Market

By Robert Nardi

Speculation that home sales in October would drop dramatically in Collier County following Hurricane Ian was proven inaccurate as closed and pending sales for the month increased by 23.7 and 8.7 percent. Respectively, compared to closed and pending sales ...

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Posted in Market Updates