Naples MLS Stats for February 2006

MLS statistics released for improved residential property (not lots) for all Naples MLS users. The buyers are officially in a wait and see mode, evident by the weak number of pendings, while inventory continues to grow. This should lead to some VERY GOOD BUYING opportunities this spring. Sellers who have to sell should offer better pricing and be very willing to negotiate. It will probably be the best summer buying Naples has seen in years as there will be plenty of good homes to buy at good prices.

Closings For The Month Of
Feb 2006: 387
Feb 2005: 720

Pendings For The Month Of
Feb 2006: 428
Feb 2005: 1,314

YTD Closings
2006: 867
2005: 1,403

YTD Pendings
2006: 830
2005: 2,332

Inventory: 8,995 (approx. a 15 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 - January 2006

Reported By:Joe Ballarino, Broker
Amerivest Realty, Naples Florida