The Naples Area Board of Realtor (NABOR) Media Relations Committee has released a report dated on February 20, 2013 indicating the housing market momentum established in 2012 has continued in 2013 as home sales remain strong. The overall median closed sales increased 16%, and the overall closed sales increased 10% for the 12-months ending January 2013, according to NABOR which tracks home listings and sales within Collier County (excluding Marco Island).
The NABOR January report specifics include:
- The overall median closed price increased 16% from $179,000 at the end of January 2012 to $207,000 for the 12-month period ending January 2013.
- Overall pending sales increased 6% from 10,113 units to 10,681units for the 12-month January 2013. Overall pending sales increased 20% in the $300,000 to $500,000 category. The $1 million to $2 million category increased 18% from 422 units to 497 units respectively for the 12-month period ending January 2013.
- The averages days on market (DOM) decreased overal from 173 days in January of 2012 to 161 days in January 2013.
- Closed sales for single family homes $2 million and higher increased to 61 from 55 in the 12-month period ending in January of 2012.