Naples, FL (June 24, 2022) – “May had the highest number of new listings than any May in the last three years.” Fellow brokers who also analyzed the May report are pleased with this trend as it will lead to more options for summer buyers.
New listings during May pushed the inventory of homes for sale up 58.6% to 2,046 properties compared to 1,290 properties in May 2021.
“Inventory has been rising since December,” said Jeff Jones, Broker at KW Naples. “By the end of May, our inventory in Naples has nearly doubled since the same time a year ago. And if you include the 889 homes that had a price reduction in May to this inventory mix, then we’re in good shape heading into summer. Price reductions are basically like new listings because the home’s new price point becomes a new opportunity to a larger pool of buyers.”View More