Hoffman Korff Group w William Raveis Real Estate’s Post

Naples Real Estate Market Update – April 2024 Exciting news from the Naples real estate market! Here's a snapshot of the latest trends: ~ Closed Sales Rise: April saw a 3.8% increase in closed sales, the first positive trend since June 2021! ~ Growing Inventory: New listings are up 16.3%, signaling a continuously expanding market. ~ Luxury Demand Soars: The $500,000 - $1.5 million price category saw a 68.1% increase in demand. ~ Stable Prices: Despite increased inventory, home values remain strong with the overall median closed price rising to $450,000. ~ Investor-Friendly: 65.4% of transactions in April were cash deals, showing confidence in the market. As the market remains dynamic, it's crucial to stay informed and make strategic decisions. Whether you’re considering buying or selling, our experts at Hoffman Korff Group are here to provide you with accurate market comparisons and professional advice. Contact us today to capitalize on these favorable market conditions! Hoffman Korff Group w William Raveis Real Estate 800 Seagate Dr. Suite 101 Naples, FL 34103 ulrich@hkgnaples.com dawn@hkgnaples.com 239-404-9860 #NaplesRealEstate #MarketUpdate #LuxuryLiving #NaplesFL #RealEstateTrends #HoffmanKorffGroup #ExpertAdvice #DreamHome #hkgnaples

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