Tuesday, May 28, 2019 / by Robert Woessner
Real Estate Market Update from March & April 2019
The report showed overall sales were up 17 percent in April over March, and March's sales were higher than February.
|APR 2018||APR 2019||CHANGE|
|Total closed sales (month/month)||1,027||1,158||+12.8%|
|Median closed price (month/month)||$360,000||$340,000||-5.6%|
|Total active listings (inventory)||7,239||6,435||-11.1%|
|Average days on market||94||98||+4.3%|
|Single-family closed sales (month/month)||481||502||+4.4%|
|Single-family median closed price (month/month)||$445,000||$469,000||+5.4%|
|Condominium closed sales (month/month)||546||656||+20.1%|
|Condominium median closed price (month/month)||$269,750||$272,250||+.9%|
If you are considering selling your home and buying something smaller or maybe something bigger, now maybe one of the best times to capitalize on great interest rates. Here is a link for an updated home value report: Home Valuation Report
If you are looking to buy should you wait? That's a great question. Will home values continue to go up 10% year over year? I don't think so. Will there be a huge drop like 2009, 2010 etc? I don't see that either. What I do see are interest rates low now that continue to go up that make it more and more difficult to buy the longer you wait.
Here is a list of all the homes currently for sale in Naples: Naples Homes for Sale
Robert Woessner, 239-330-4589, Robert.Woessner@KW.com