MLS statistics released for improved residential property (not lots) for all Naples MLS users. Inventory has finally leveled off as the same numbers of units were on the market this time last month. Buying activity remains steady but more focused on single family then condos. The condo market continues to be the soft spot as their prices were over inflated by the now fleeing investors.
Closings For The Month Of
May 2006: 522
May 2005: 972
Pendings For The Month Of
May 2006: 467
May 2005: 842
YTD Closings
2006: 2,477
2005: 4,414
YTD Pendings
2006: 2,150
2005: 5,482
Inventory: 9,700 (approx. an 18 month supply) - Active (active and active with contract 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 - February 2006 - March 2006 - April 2006
Reported By: Joe Ballarino, Broker
Amerivest Realty, Naples Florida
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