June 21, 2010

Naples Area Real Estate: Available Inventory Continues to Decrease

The Naples real estate market continues to improve month after month.
The available inventory for residential properties for sale in the Naples area decreased again 10% in May 2010 compared to May 2009:
  • 9,006 properties available in May 2010
  • 10,046 in May 2009.
For the 12 consecutive months ending in May 2010, compared to the ones ending 2009, global pending sales increased 47%. The increase for pending sales is noticeable in all areas and all price ranges.
The median closed price increased 9% from $174,900 to $190,000.
Closed sales during the same period increased 48%, from 5,495 to 8,152.
As the inventory is depleting, some communities or subdivisions are shifting to a balanced market or even a seller's market.
These figures have been released by Naples Association Board of Realtors (NABOR).
- View the full report...
- View the overall statistics...
- View statistics for the single-family homes...
- View statistics for the condominiums...

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