The Naples-area inventory of single-family homes listed for resale increased 4 percent in October, compared to the same month last year, according to the Naples Area Board of Realtors.
Cind Carroll, a real estate appraiser and consultant, said the increased inventory was further evidence of stabilization in the single-family home market.
The Naples Area Board of Realtors reported that the area’s inventory of single-family homes listed for resale increased last month to 2,210 from 2,128 in October of last year. The board tracks homes on the resale market in Collier County excluding Marco Island.
The area’s condo inventory listed for resale dropped to 1,811 units last month from 1,693 in October 2014.
The Realtors board also reported that the overall median closed price of single-family homes in the Naples area rose 14 percent to $302,000 in the 12 months ended in October from $265,000 in the previous 12 months.