During the 12-month period ending October 31, 2019 a total of 811 sales were reported, down 4.9% from the same period the prior year when there were 853 sales.
Available inventory as of November 1, 2019 for the Marco Island market totaled 620 units, up 3.7% compared to 598 units as of the same date the prior year. Months of supply, at 9.17 months, was up 9% compared to 8.41 months posted a year ago. During the 12 months ending October 31, 2019, 1,424 listings were added to the Marco Island market, a 7% increase over the preceding 12-month period when 1,331 listings were added.
Average and Median Sales Price
Pricing of closed sales over the past 12 months averaged $804,391, a 2.1% increase compared to the preceding 12 months when an average of $787,991 was posted. When comparing the same two periods, median pricing was up 5.6% from $582,616 to $615,354.
*Marco Island statistics are obtained from the Marco Island MLS system and include only those sales and current listings on Marco Island and Key Marco.