Multiple Listing Service- Stats Show Strong Season For Naples
 PENDING SALES
Year after year sales increases indicate a healthy turn for real estate in Naples. The months of
February, March, April & May all showed increases in terms of the number of pending sales reported
to the MLS system. Overall pending sales for the four months were up over 20% over 2007, with 3052
pending sales in 2008 compared with 2533 for the same four months last year. May had the largest
gain at 40%, with 749 sales compared to 532 for the same period in 2007.
MEDIAN PRICES
Median prices showed a slight improvement, mostly likely due to the increased activity, however they
are far below their 2007 levels. The adjustment is complete for sales activity as the bottom as come
and gone. We expect to see activity continue at the current pace, just above 2007 levels, but well
below the over heated market of 2005. Meanwhile, pricing is still finding it's bottom, although the
upturn in May could indicate a bottom has been reached. Unfortunately, the view of the bottom can't
be seem until it has passed, so we will know in a few months.
Want to learn more?
Contact Ramia MacDonald
239-404-3521
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Source: http://www.floridarealtors.org/
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