What cities have the fastest-increasing property prices? SWFL has one.
According to new AgentAdvice statistics, Florida leads the top ten metro areas with the fastest-rising home prices in the United States.
Do you know how Naples ranks?
Here are the cities with the fastest rising property values in the country, according to a recent article by Kendall Little of Naples Daily News.
What Florida cities are experiencing the fastest rise in home prices?
Naples
Ocala
Tampa
Port St. Lucie
North Port
Miami
How are metropolitan regions ranked?
The study determined the median listing price for different metro areas in 2019 and compared it to the 2024 median listing price. The percentage difference between the two was used to rank the locations in comparison.
All the data was obtained from Zillow.
What are the top ten cities with the fastest increasing property prices?
Knoxville, TN: 83.29% variation in prices between 2019 and 2024.
Naples, Florida: 75.17%.
Atlantic City, New Jersey: 73.45%.
Ocala, FL: 70.84 percent.
Tampa, Florida: 70.26%.
Port St. Lucie, Florida: 70.18%.
North Port, FL: 68.46 percent.
Fayetteville, AR: 67.75 percent.
Miami, Florida: 67.69%
Hickory, North Carolina: 67.67%.
Breaking down Naples home price statistics.
Naples ranked second on the list of metro areas with the fastest rising housing prices.
The median listing price for properties in Naples was $612,038 in May of this year. Five years ago, the media listing cost $349,393.
Which cities experienced the lowest property price increases?
All three metro regions with the lowest home price increases were in Louisiana.
Prices in New Orleans differ by 8.67% from 2019 to 2024.
Lafayette: 8.69 percent
Shreveport: 11.39 percent.
Why are property prices in Florida so high?
A spokeswoman for AgentAdvice discussed the study’s findings, explaining why Florida’s property prices have risen so dramatically.
“Florida led the rankings, with prices rising to national highs in six locations. With little supply, excellent weather, and national and international attention, home values in the Sunshine State have skyrocketed as supply fails to match demand.”
This article originally appeared on Naples Daily News