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REAL ESTATE INVENTORY HITS 3-YEAR LOW
Posted by Naples International Group on Thursday, July 29th, 2010 at 3:53pm.Laura Layden of the Naples Daily News published an article about the quarterly statistics that the Naples Area Board of Realtors (N.A.B.O.R.) published last week regarding the state of the real estate market. You can review the news article below.
N.A.B.O.R.'s president, Brenda Fioretti, stated the real estate market has now become a balanced market. A balanced market is one in which the inventory has reached a 12-month supply. It is neither a buyer's or a seller's market, but if the current trend continues, it will push the market toward a seller's market. We have been in a strong buyer's market for the better part of the past two years, and since we work primarily with buyers, we have had a strong two years.
V.K. [Mel] Melhado PA
Downing-Frye Realty, Inc.
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