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AUGUST STATISTICS BODING WELL FOR THE UPCOMING SEASON
Posted by V.K. [Mel] Melhado P.A. on Monday, September 28th, 2009 at 7:28am.
The Naples Area Board of Realtors (N.A.B.O.R.) recently released their monthly statistical report for the greater Naples real estate market and the future is looking much brighter.
When compared to the same period one year ago, overall pending sales increased by 87%. The pending sales are a key market indicator, with actual numbers at 862 contracts compared with 461 one year ago. Pending sales have increased by 47% during the past year.
Again comparing the same period last year, inventory fell by 13% and days on market decreased from a peak of 202 last year to 161 currentl, which demonstrates that buyers are certainly motivated.
If you are interested in viewing the entire report, it can be found on the home page of www.previewnaples.com or by clicking on the August Statistical Report here.
There is no doubt that we are seeing far more confidence in the market from consumers than we have seen in recent years and that bodes well for the upcoming season!
V.K. [Mel] Melhado PA
Downing-Frye Realty, Inc.
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