Home Sales Accelerate During the “Dog Days of Summer”!

Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC] |MyKCM

Some Highlights:

  • Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million.
  • Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year.
  • Median home sales prices rose to $247,700, 4.8% higher than a year ago and replaced the previous peak in May of $238,900.

Although we have had a quiet summer in Naples, we are expecting the market to pick up quickly in the new year.  Don’t wait until the demand is high again; call me so we can start looking for your new home before the snowbirds get here and force our prices up again.

Remember it is always toasty in Naples and you deserve your piece of Naples sunshine and a great deal on a new home!

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