Posted on Monday, January 28, 2019
Tourist season is in full swing and real estate sales results show it – sales are accelerating. Once we clear New Year’s and a few up north cold snaps show up, real estate starts to do well here. Some caution is advised as over supply and some downward price pressures are creeping in, in some but not all areas. Let’s take a look at the details:
Our reader’s know all real estate is local so let’s look at some specific Naples areas. Remember as a “rule of thumb”, inventories may be indicative of future prices – below 12 months prices rise, above 12 months prices drop or so the theory goes. Here are the inventory levels and the month over month trend:
What is the point in all this inventory stuff? Inventories differ widely by neighborhood and so should prices in the short term. Buyers and Sellers should do their homework and price AND market accordingly!
Please give us a call if you are considering buying, selling or renting – or just to provide more facts. We would love to listen to you and help.
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