NAPLES CLOSED HOME SALES, INVENTORY UP IN AUGUST

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), which tracks home listings and sales within Collier County (excluding Marco Island). 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 new inventory in August appeared in the single-family home market for properties below $500,000, yet, closed sales during August were driven by activity in the condominium market, which experienced a 21 percent increase. To view the entire report, visit www.NaplesArea.com.
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