Naples MLS Stats for April 2006

MLS statistics released for improved residential property (not lots) for all Naples MLS users. Steady as she goes... Naples maintained its slower but steady pace thru April continuing the necessary healthy correction our market needed. Essentially, the "Funny Money" (investors) are out of the market. We are back to purchases by true 2nd home and retiree buyers that Naples has always had. Unfortunately it appears the condo market was the victim of our hot market, they were the target of many investors and prices were driven up too far. I would expect this segment to remain flat for sometime. However, the single family and luxury markets are in good balance. If the first 10 days of May are an indication, we could see improved numbers next month as it seems there is good buying activity right now...


Closings For The Month Of
Apr 2006: 529
Apr 2005: 1074

Pendings For The Month Of
Apr 2006: 408
Apr 2005: 975

YTD Closings
2006: 1,955
2005: 3,442

YTD Pendings
2006: 1,653
2005: 4,640

Inventory: 9,700 (approx. an 18 month supply) - Active (active and active with contract status) residential inventory in all Naples areas as retrieved from SunshineMLS today.

Prior Reports: August 2005 - September 2005 - October 2005 - November 2005 - December 2005 - January 2006 - February 2006 - March 2006

As Posted on Naples Florida Real Estate Blog By: Joe Ballarino, Broker
Amerivest Realty, Naples Florida