Naples Real Estate activity for October

Speculation that home sales in October would drop dramatically in Collier County following Hurricane Ian was proven inaccurate as closed and pending sales for the month increased 23.7and 8.7 percent, respectively, compared to closed and pending sales reported in September, according to the October 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home
listings and sales within Collier County (excluding Marco Island). And even though 525 listings were either terminated, expired or withdrawn from the Southwest Florida MLS during October, overall inventory for the month increased 72.7 percent to 2,325 properties from 1,346 properties in October 2021.

Compared to 2021 which was a standout year for real estate in Collier County, closed sales in
October decreased 24.5 percent to 662 closed sales from 877 closed sales in October 2021. Pending sales(homes under contract) also decreased 43.3 percent to 673 pending sales from 1,186 pending sales in October 2021.