Naples, FL – January 2, 2024 – In today’s discussion, we delve into crucial real estate metrics that offer key insights for both buyers and sellers navigating the Naples, FL market. Analyzing this data will provide a comprehensive understanding of the current market dynamics, aiding informed decision-making.
Months’ Supply of Inventory: The current figure stands at 4.98, indicating a market favoring sellers due to lower available properties compared to buyer demand.
12-Month Change in Months of Inventory: Notably, this metric has surged by +79.78%, signaling a significant increase in available homes compared to demand. This shift potentially hints at a balanced or cooling market, providing buyers with more options and potential negotiating leverage.
Median Days Homes are On the Market: At 38 days, this metric showcases swift property movement, indicative of robust buyer demand and competitive pricing strategies.
List to Sold Price Percentage: An impressive 99.6% reflects sellers achieving close to their asking prices, indicating a strong market with potential multiple offers.
Median Sold Price: Currently standing at $588,200, this signifies healthy appreciation, offering a positive return on investment for sellers and signaling a competitive landscape for buyers.
Collectively, these metrics offer invaluable insights into Naples’ real estate conditions. The low inventory supply and high list-to-sold price percentage suggest a seller’s market, while the notable increase in inventory over the past year hints at potential market balance. The rapid turnover of homes underscores strong buyer interest, and the healthy price appreciation signals a competitive landscape.
For media inquiries or further information, please contact Mike Rodriguez
Media Contact
Company Name: Mike Rodriguez Realtor| Real Estate Agent in Naples FL at Coldwell Banker Realty
Contact Person: Mike Rodriguez
Email: Send Email
Phone: 2397761658
Address:5042 Airport Pulling Rd N
City: Naples
State: Florida
Country: United States
Website: https://www.mikerodtherealtor.com
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To view the original version on ABNewswire visit: Analyzing Naples, FL Real Estate Market Metrics: Insights for Buyers and Sellers