The number of homes for sale in Naples in the second quarter of 2013 is comparable to second quarter 2012, and the lowest for the quarter since 2004.
Pended sales (i.e. properties under contract) for the quarter exceeded the number of new homes that hit the Naples real estate market for the first time since John R. Wood Realtors began tracking this ratio in 2004. Although all pended sales do not close, this is the best leading indicator of the current and near-term market.
All price segments reflect the diminishing supply with the exception of properties priced above $5 million, which have remained stable for the quarter for the past three years.
Naples homes priced under $500,000 had the largest reductions in inventory and continue to be in high demand as prices escalate.
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Alysia Shivers Realtor | Naples Florida Real Estate | 239.877.9732
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