Naples Area Real Estate Activity in October
Posted by John Bolen on
TIGHT INVENTORY, HIGH DEMAND CONTINUES IN NAPLES
Home sales were bridled by low inventory during October. Still, new listings are on the rise, according to the October 2021 Market Report released by the Naples Area Board of Realtors (NABOR), which tracks home listings and sales within Collier County, excluding Marco Island. Overall closed sales for October decreased 32.1% to 858 closed sales from 1,263 closed sales in October 2020. But irrespective of the home buying frenzy during the second half of 2020, including October 2020, closed sales in October were historically higher than average for a typical October in Naples, even with the lowest inventory level on record. Broker analysts who reviewed the October Market Report anticipate more sellers…
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