MLS statistics released for improved residential property (not lots). January’s pendings were extremely week and inventories continued their ascent, yet we are encouraged by activity in the first part of February. We’ll see if the numbers prove that next month. We are forecasting improved pending numbers through the first & second quarters of 2006 as sellers who have to sell will offer more attractive pricing.
Closings For The Month Of
Jan 2006: 480
Jan 2005: 683
Pending For The Month Of
Jan 2006: 402
Jan 2005: 1018
Inventory: 8,034 (approx. a 12 month supply) – Active (active and pending with contingency status) residential inventory in all Naples areas as retrieved from SunshineMLS today.
Prior Reports:
August 2005 – September 2005 – October 2005 – November 2005 – December 2005
Reported By:
Joe Ballarino, Broker
