Yes Virginia, it is Still a Sellers’ Market

This infographic from Keeping Current Matters highlights the strength of the current market:
Sellers' market

Historically, median closed prices of homes sold in Southwest Florida during summer months tend to be lower than median closed prices of homes sold during high-season months (January through April), but that trend did not occur this year.

According to the August NABOR report, the median closed price reported in August for the Naples area was $75,000 higher than the median closed price reported
in January 2021. As buyers from more foreign countries are allowed to visit the US again, those buyers – who were largely absent last year – may well add further demand to an already extremely tight market – in August supply was less than one month.

If selers can expect multiple offers, that also suggests that buyers need to be able to move fast and know how to make a competitive offer. If you are ready to make a move, please contact me.

For the latest market report read Naples Housing Market August Review

Andrew Oliver
REALTOR®| Market Analyst |

Naples, Bonita Springs and Fort Myers
m. 617.834.8205
Market Analyst | Team Harborside |
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945

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