Good morning, Buyers and Sellers. Today, we will be discussing some important real estate metrics that will provide valuable insights into the current market conditions in Naples, FL. Whether you’re seeking a Real Estate Selling Agent in Naples, FL, a Real Estate Buying Agent in Naples, FL, or a Realtor Agent in Naples, FL, these metrics will assist you in making informed decisions.
Let’s start with the Months Supply of Inventory. Currently, the market has a months supply of inventory of 4.98. This means that, at the current rate of sales, it would take approximately 4.98 months to sell all the homes on the market. A lower number indicates a seller’s market, where demand exceeds supply, while a higher number suggests a buyer’s market, where supply exceeds demand.
Now, let’s look at the 12-Month Change in Months of Inventory, which is +79.78%. This significant increase indicates a shift towards a more buyer-friendly market. Over the past year, the inventory of homes available for sale has increased by almost 80%. This could be attributed to various factors such as an increase in new listings or a decrease in buyer demand.
Moving on, we have the Median Days Homes are On the Market, which is 38. This metric provides insight into the speed at which homes are being sold. With a median of 38 days, homes are generally selling at a relatively fast pace. However, it is important to note that this number can vary depending on the specific location and property type.
Another crucial metric is the List to Sold Price Percentage, which stands at 99.6%. This percentage represents the ratio of the final sale price to the original listing price. A higher percentage indicates that homes are selling very close to their listed prices. This signifies a strong market where sellers have more negotiating power.
Lastly, let’s discuss the Median Sold Price, which is currently $588,200. This metric provides an average price point for homes that have recently sold in the market. It is important to note that this is the median value, meaning it represents the middle point of all sold prices. This can give both buyers and sellers an idea of the general price range they can expect in the current market.
In conclusion, these real estate metrics provide valuable insights for both buyers and sellers. Understanding the Months Supply of Inventory, the 12-Month Change in Months of Inventory, the Median Days Homes are On the Market, the List to Sold Price Percentage, and the Median Sold Price can help inform your decisions and strategies in the real estate market. Whether you are looking to buy or sell, staying informed about these metrics will ensure that you make the most of your real estate transactions.