May 2023 Newsletter - Steady Real Estate Market!

May 2023 Newsletter - Steady Real Estate Market!

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May 2023 Newsletter


Market Update

I love numbers! I love spreadsheets! Many of you may not know that I study our local market every day. Since the pandemic, it became evident that typical was no longer a word in our real estate vocabulary. Ever since then I track data on a daily, weekly, and monthly basis to make sure that I can provide the most accurate analysis to my Sellers and Buyers.

Why is this important? As a dedicated real estate professional that is passionate about providing the highest level of service and committed to customer service beyond expectation, having these numbers at my fingertips means I can provide facts and data to give my customers peace in a world full of news that is anything but calm.

I believe that data can give us peace of mind to know how to proceed instead of being stuck by headlines and scary stories we see on the news. I do my best to explain to folks that are new to Southwest Florida that our market is a little bit of an anomaly to the rest of the US real estate landscape.

Given the things we love about our community, it is highly desirable and full of properties with annual and seasonal owners that have considerable equity in their homes. Therefore, a climate of interest rate fluctuation and economic turmoil is less of a concern and more of a headline to be aware of, but not to dwell on. Let me explain, when the news states that the real estate market will be deeply impacted by rising interest rates, in most part they are speaking of anywhere but our community except for properties on the lower end where first time buyers or workforce housing is a part of the discussion.

With that said, we focus on the property, the lifestyle, and the opportunities instead of dwelling on temporary fluctuations in interest rates. By the way, all indicators expect rates to be lower by year end if you are looking to obtain a mortgage.

Back to the “steady“ news, see this snapshot of my data. You can see that although our days on market is down, or our list to sales price ratio is down, these are so slight, almost negligible changes.


*Please note, my data is Naples specific.

When you look at our overall inventory, it has fluctuated over the past 6 weeks from 2879 total listings in Naples to 2780, a difference of less than 100 listings. We have less inventory sitting for more than 30 days and the shift in pricing has been slight from $1.056M is Average Sales price to $1.015M. This is a difference of $41k. Closed transactions are down, however we typically have a little less activity in the months following season.

So, Lori, what does all this mean? Sellers, this is a great time to sell. You have little competition, and we are seeing list to sales price steady at 97% since before Ian in Sept. of 2022. For buyers, with days on market consistently at 47-51 days, you have time to decide. You do not have to buy the first thing you see, and Sellers are ready to be reasonable and work with you. These are good things for everyone. This is a steady market!


*NABOR Infographic looks at all of SWFL on a year-to-year comparison.


Featured Listings




On the market, a fabulous Investor option Chesapeake


Stay tuned for more exciting new listings coming soon!


Community Corner:

Congratulations to our most recent Scholarship winners!


Copyright (C) 2022 Lori Fowler | Naples Luxury. All rights reserved.

Stay up to date with the Real Estate Market through these newsletters!


Lori Fowler | Naples Luxury
550 5th Avenue South
Naples, FL 34102

M - 239.877.3800

O - 239.262.7131



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