NAPLES MARKET ACTIVITY SETS STAGE FOR STRONG SUMMER SALES

According to the June 2020 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), pending sales (homes under contract) increased 61.3 percent compared to June 2019, with single-family homes being the home choice for a majority of buyers. Broker analysts reviewing the report also noted that new listings during June increased 25.8 percent compared to June 2019, which indicates growing consumer confidence for both sellers and buyers leading into the summer Naples real estate market.

June 2020 saw the single- family home market pending sales increase 83.9 percent to 835 pending sales from 454 pending sales in June 2019.

Pending sales of condominiums during June increased 38.7 percent to 634 pending sales from 457 pending sales in June 2019.

  • Closed sales in May were down nearly 50 percent compared to May 2019.
  • Closed sales in June decreased only 4.6 percent to 881 closed sales from 923 closed sales in June 2019.
  • Pandemic recovery has seen a shift in buyer preference to single family homes.  Pre-pandemic single-family and condominium sales were about equal.
  • Compared to 2019 single-family home sales increased 2.9 percent from 2019, where condominium sales have decreased 12.8 percent.