Naples Real Estate Market Update March 2022

Market Insights

This market is booming! We have no surprises there. Some great takeaways for March are that we hit a new inventory high that we haven’t seen since a year ago. We have been plateauing at around 1,000 new homes a month, and in March, we shot up to nearly 1,700 new homes hitting the market. That’s exactly what our market needs, more inventory. This is a 28% increase from the month before.

Alongside the 28% increase in inventory from February to March, came a drastically larger increase in sold homes. We had over 1,300 sold homes in March, which is 58% more than in February (885)

Also, fun fact: A 2 bedroom home in Naples just hit an average price of $450,000 in collier county. That’s an absurd increase from 1 year ago at $285,000.

These numbers are mind-blowing and record-setting. How long will this continue? How will interest rates affect the market?

Naples Florida Homes for Sale

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About the Author: John Russo

In one of the Hottest Real Estate Markets in the country, It is necessary to utilize the knowledge and experience of the top Realtors in the area. John’s wealth of knowledge with New and Existing Communities has helped his clients buy and sell and Homes in Naples, Bonita Springs, Estero, Fort Myers, and Marco Island. As a Coldwell Banker Realtor, John’s passion and attitude complements his professional, top-notch customer service skills. He offers a competitive edge and drive that is focused on delivering beyond his clients’ expectations. John practices careful listening skills and is determined to deliver the results you want.