NABOR (NAPLES AREA BOARD OF REALTORS) RELEASES NOVEMBER STATISTICS

NABOR, the Naples Area Board Of Realtors, just released the statistical data from November which adds to the fact that the upcoming season is looking extremely promising.

Inventory continues to decline and both pending and closed sales showed significant increases over the same period last year. The available inventory decreased by 16% compared to one year ago.

The median closed sale price for properties above $300,000 is up 18% over last year and has topped $600,000 compared to $513,000 for October last year.

Dr. Lawrence Yun, the Chief Economist for the National Association of Realtors, recently stated that he believes that the South Florida area should see at least a 10% increases in prices duriing 2012. He now sees the market as overcorrected because homes currently are selling for less then the cost to build new.

To view or download the November Market Report, please CLICK HERE. If you cannot see or download the report, simply email me and I will sent it out to you immediately.