"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: