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June Market Report Shows  Strong Showing Activity Naples, Fla. (July 19, 2019) - Naples was recently voted the  number one southern "boomtown", which might be one reason  showings were up during June. The June 2019 Market Report released  by the Naples Area Board of REALTORS® (NABOR®), which tracks home  listings and sales within Collier County (excluding Marco Island), revealed  that 500 potential buyers were shown homes for sale in the Naples area  every day during June. Closed sales in the Naples area during June  decreased 10.3 percent compared to closed sales in June 2018, but closed  sales since January have only decreased .7 percent. In fact, closed sales  over the last 12 months are up in all price categories below $1 million.     Download this infographic "Now is the time to enter the market," said Mike Hughes, Vice  President and General Manager of Downing-Frye Realty, Inc.,  who added that only homes in the $1 million to $2 million had a  median closed price decrease in June. "Even though inventory  in June dropped almost 12 percent, values are holding steady  and the reduced competition provides great opportunities for sellers."    Bill Coffey, Broker Manager of Amerivest Realty Naples,  added that despite the inventory decrease "there is still  6.9 months of inventory available, which is well above the  Florida average of 4-months supply."   Broker analysts reviewing the June 2019 Market Report  recommend sellers consult a REALTOR® before listing a  home for sale. A REALTOR® can help a seller price a home  competitively. They can also maximize the home's marketing  and help the seller or buyer every step of the way.    A shift in buyer interest to single family homes in lower price  categories during the second quarter of the year was confirmed  by broker analysts. During June, new listings for single family  homes decreased 7.1 percent, while new listings for condominiums  decreased 4.2 percent.   According to the report, there were 798 price decreases in June.  Yet the month's overall median closed price increased 1.4 percent  to $335,000 from $330,400 in June 2018. The single-family home  median closed price decreased 8 percent in June, while the  condominium market median closed price increased 1.9 percent.    The NABOR® June 2019 Market Reports provide comparisons  of single-family home and condominium sales (via the Southwest  Florida MLS), price ranges, and geographic segmentation and  includes an overall market summary. NABOR® sales statistics  are presented in chart format, including these overall  4(single-family and condominium) findings:    "Year over year only properties above $2 million have had  price increases," said Kathy Zorn, broker/owner, Better Homes  and Gardens Real Estate Pristine. "In fact, the report shows  condominiums under $300,000 have experienced a year over  year decrease of 7.6 percent."   According to Wes Kunkle, President and Managing Broker at  Kunkle International Realty, "the commercial market in Naples  is seeing some new investor activity but not nearly as much  as what Lee County is experiencing."   "Loan modifications coming due for some homeowners could  be one reason there is an increase in foreclosures recently,"  said Lauren Melo, Broker at Florida's Realty Specialists. "But  the number of HELOCs are also on the rise, which could also  indicate increased equity and an improving market." As always if you have any questions please feel free to reach  out to me by e-mail at Michelle@NaplesHomeSweetHome.com  or by calling 239.404.7787.  I have provided the link below for the charts containing the  Market Statistics for June. I hope you have a fantastic week...:0) Michelle View the June 2019 Market Statistics