May sales of Naples-area homes rose 12%

The median sale price of houses and condos in May rose 5% to $355,000

Jun.June 17, 2017 09:00 AM


May sales of Naples-area houses and condos increased 12 percent to 1,027 from 921 last year.

The Naples Area Board of Realtors also reported that the median sale price of houses and condos sold in May rose 5 percent to $355,000 from $338,000 last year.

The Naples-area inventory of houses and condos listed for sale in May increased 4 percent to 5,404 from 5,207 last year.

Pending sales of Naples-area houses and condos under contract rose last month by 12 percent to 1,027 from 921 in May 2016.

“If May’s momentum continues, this year will turn out better than last year,” said Mike Hughes, vice president and general manager for Downing-Frye Realty, Inc., said in a prepared statement. “Home sales during the summer months have become stronger over the past few years. We are no longer seeing a huge disparity in activity between winter and summer like we once did.”

Wes Kunkle, president and managing broker at Kunkle International Realty, said summer-season home buyers are more serious than their winter-season counterparts.

“In season, we get a lot of traffic, but it’s mostly lookers,” Kunkle said in a prepared statement. “In the summer, people are ready to buy. They ask real buyer questions, and most often have financing in place.”

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