Second-quarter sales of Naples-area homes nearly flat

The Naples Area Board of Realtors reported that second-quarter closings rose 2% from last year's level

July 15, 2018 10:45 AM

Mike Hughes, vice president and general manager for Downing-Frye Realty Inc. (Credit: YouTube)

The number of Naples-area houses and condos that sold in the second quarter nudged two percent higher, compared with the same period last year.

The number of second-quarter closings rose to 2,926 from 2,880 last year, according to the Naples Area Board of Realtors.

Active listings of houses and condos in the Naples area totaled 5,165 in the second quarter, down slightly from 5,189 last year.

“This tells me that homes are coming onto the market at the same rate we are selling them,” Mike Hughes, vice president and general manager for Downing-Frye Realty, Inc., said in a prepared statement.

House sales increased 3 percent to 1,395 in the second quarter from 1,349 in the second quarter of 2017.

The median house-sale price from April through June was $440,000, a 7 percent increase from $418,000 last year.

Condo sales in the second quarter totaled 1,531, unchanged from last year, and the median sale price was $270,000, down 4 percent from $282,000 last year. – Mike Seemuth

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