Florida real estate statistics continue to show improvement and somewhat mimic the rebound in Naples. Florida Realtor reported “Pending sales, closed sales and median prices rose, while the inventory of homes and condos for sale dropped in Florida’s housing market in May, according to the latest housing data released by Florida Realtors®.” This is just the sort of continuing good news we need at the state level.
Readers of this blog will know at the local level real estate is going along well. Inventories, the big news for us, are down to seven months + according to Sunshine MLS – a big shift from a couple of years ago. With supplies down there is some solid support for prices. Volumes are holding up OK even in our summer season.
What does all this mean for a buyer or seller? For buyers, once you find that dream home or condo, be aware the market is tighter so you may see competing offers for your place. Be ready to make an offer these days with pre-qualified financing and know it is unlikely you will be sit on the fence for long. For sellers you can be a little more demanding on those offers and counter modestly. Sure, real estate trends differ by neighborhood, some better off than others, but the big trends show a tilt toward the sellers.
Let us know what you think.
No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
Some of the data relating to real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
Mark Goebel, PA REALTOR Coldwell Banker 5th Avenue South Mobile: 239.595.3921 Email: email@example.com NaplesBestAddresses.com Facebook: NaplesBestAddresses Twitter @mcgoebel Naples Best Addresseses – Where The Best Address in Naples Real Estate Is Yours