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This just in … inventories continue to improve – just what we need for price support and improvement

Posted on Wednesday, September 21, 2011

Nan and I continue to see fewer homes on the market as evidenced by recent NABOR data.  “The Naples Area real estate market is strong as shown by inventory that continues to drop and the overall median closed price stabilizing, according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).”

Now this is encouraging and follows an ongoing trend.  For example NABOR also reports.  “The number of available properties decreased 21 percent from 8,745 in August 2010 to 6,930 in August 2011. “The overall inventory continues to decrease and is currently at its lowest level since we started tracking inventory in January 2007,” said Brenda Fioretti, NABOR President and Managing Broker of Prudential Florida Realty.

What are your thoughts on this?