Naples Real Estate Market Report | October 2018 VS October 2019

Posted by Robert Alpizar on Saturday, November 23rd, 2019 at 10:38am.

"Buyers are Back: Homes Under Contract Soar 24% in October"

Naples, Fla. (November 22, 2019) - As predicted by a group of Naples real estate brokers, buyer activity began to rise in October with a remarkable 23.7 percent increase in overall pending sales (homes under contract) to 987 pending sales during October 2019 compared to 798 pending sales in October 2018. Sellers also felt a surge in showings (up 40 percent compared to October 2018), and the number of price reductions slowed to just 15 percent of the properties available in October's overall inventory compared to September, which saw 26 percent of its inventory's prices reduced. Price reduction activity is an important behavior for buyers to watch as it is an indication of how eager sellers are to sell.

TO DISCUSS MARKET CONDITIONS IN FURTHER DETAIL... MESSAGE US BELOW OR CALL US DIRECTLY AT (239) 438-1102  

Find out How Much your Home is Worth Instantly! Click here for a Free Home Evaluation

INstantly search just listed homes in naples! CLICK HERE TO search now

 

QUESTIONS?

Please provide a valid email address.

 

Introducing a SOPHISTICATED APPROACH to Naples Real Estate...

     

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com