August sales of Naples-area homes rise along with median price

The number of sales pending in August also increased from last year's level


August sales of Naples-area homes, median home prices and pending sales all increased from the same month last year.

The Naples Area Board of Realtors reported 685 closed sales of houses and condos in August, up from 654 in August 2016. The median sale price rose to $328,000 in $320,000.

Pending sales of houses and condos totaled 829 in August, up sharply from 734 last year.

The median price of August house sales rose to $422,000 last month from $384,000 in August 2016, while the median condo price moved up to $250,000 from $232,000 last year.

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The average number of days on the market for house and condos sold in August crept up to 95 days from 88 days last year.

The Naples Area Board of Realtors also reported growth in the August number of listings for houses and condos.

Active listings of Naples-area houses in August rose to 4,807 from 4,787 last year, and condo listings increased to 2,361 from 2,233.