While many sellers continue to cut their asking prices, fewer are doing so, according to recent data compiled by ZipRealty, national real estate brokerage, which may lead to an upward trend in home prices. According to MLS data, more than 44% of home listings in 28 major markets tracked by ZipRealty in September 2009 included at least one price reduction, down 2.8% from September 2008.  Source: http://rismedia.com/2009-10-13/percentage-of-price-reduced-homes-available-for-sale-down-from-last-year-but-still-substantial/#ixzz0UlWC67SK
The Naples Real Estate Market has yet to bounce back to the prices seen in 2004-2005.  But less price reductions by homeowners means that the market has reached its bottom.  The question is will buyers jump in and not miss this opportunity.

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