According to the Wall Street Journal Daily Shot the existing United States housing market crushed expectations and climbed to the highest level in a decade. At the same time, the inventory of homes for sale in the U.S. has hit an all-time low. This is a strong indicator that prices will increase over the next several months. These are national statistics with which Naples, Florida is in line. We have had very strong demand in our market through 2017 and inventories have remained low during a historically busy period (Oct-Dec) for new listings to come on the market in anticipation of the winter season. Irma is partially to blame for the decrease in inventory as many potential sellers are still making repairs due to the backup for roofing, screens, and landscaping. However, inventories were already low because of an amazing run going back to 2016. National home builders are building new homes at a 10 year high. When you drive through the streets of Port Royal, Aqualane Shores, Old Naples, Coquina Sands, Moorings, Park Shore, and Seagate you will see a transformative amount of new homes being built.
For more information on the Naples real estate market please contact Adam Carriero at 239-641-3876 or [email protected]
Please contact Adam Carriero at [email protected] or 239.641.3876. I am available for consultation on the Naples, Florida, market.