Total real estate inventory on Marco Island increased 36% in August while closings decreased by 36% compared to August 2021, according to data from the Marco Island Area Association of Realtors. Total homes sold dropped 33% with a median price of $1.75 million with homes spending an average of 43 days on the market, an increase of 30% compared to August 2021. The median price for the 32 condominiums sold on the island last month was $650,000 with the condos spending an average of 36 days on the market.
Visitor spending at hotels, restaurants and shops in Collier County increased 10.5% over last calendar year, bringing in $2.38 billion.
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