Naples, FL (May 23, 2022) – Overall inventory in Naples during April increased 16.5 percent to 1,668 properties from 1,432 properties in April 2021. Fueled by a swell of new single-family home listings, up 5.7 percent over last year, broker analysts reviewing the April 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), are confident the Naples area housing market has reached a crossroad and is making its turn toward a balanced and healthy market.

 
The overall median closed price in April increased 39.2 percent to $599,000 from $440,000 in April 2021. The uptick reflects the low number of sales in the $300 and below price category. Median closed prices continue to rise in the single-family home market, up 8.7 percent from March, but median closed prices during April in the condominium market decreased 1.1 percent from March. 
   
The NABOR® Ap ...

Crypto and Buying a Home

Evan Dunn

Originally posted on Porch.com


If you’ve ever walked around at an arcade with a couple pocketfuls of game tokens or won similar tokens at a fair to be exchanged for candy and stuffed bears, you already know how cryptocurrencies work. Except cryptocurrencies, like Bitcoin and Ethereum, are digital currencies that can be used to purchase goods and services. Today, there are more than 6,700 types of cryptocurrencies, some better known than others. Traded as commodities on the stock market and known for their volatility, cryptocurrencies have become increasingly mainstream as more people invest in them and trust the blockchain technology employed to secure them. In fact, some people are using their crypto assets to purchase large, expensive items—like houses!

Introduction to Cryptocurrencies


Major cryptocurrencies such as Bitcoin, Ethereum, XRP, and others are a digital form of currency. Once you own them, you can use them t ...

SWFLA Stats to Consider:
 

Inventory: On May 8th we had 13,735 Active listings and as of July 16th we are down to 11,190, a drop in overall inventory by almost 19%.  We have just under 4 months of active inventory. 


Pending Sales:  The past 7 days stats show 1,179 pending which is still WAY above average and at this rate would almost double the past 12 months of sales (32,082).   We've also had 4,086 go pending in the past 30 days which still reflects a 35% increase.  


Sold Homes:  The past 7 days show 651 sold which is up 6% from our 12 month average (615 sold per 7 days).   Furthermore, we've had 2,905 closed sales in the past 30 days, up almost 33% since June 19th and up 11% from our last 30 day 12 month average (2,636 closed per 30 days).  


At the past 30 day rate of "sold" absorption we only have 3.80 months worth of active inventory and at the past 30 day "pending" rate of absorption we only have 2.74 month ...