If you are considering a home purchase in the Naples area, keeping up with the market activity and market trends is a must these days. It really is not about I’ll know the home I want to buy when I see it, it’s about protecting your investment and having a good understanding of value, before you step out to that open house or go on a tour with your agent.
Market watch is where I start and end every day.
Above is the inventory level comparison from January 2008 to July of this year (2013).
Here is an example of the market activity today (as per the MLS 8/23/2013) – If you compare the numbers for the new listings (60) on the market today and the number of homes that went under contract (Pending 72), you get to understand how quickly the inventory is going down.
This chart shows that the increase in sales activity is across the board for all price ranges ($150,000 to $1M+) – Sales activity for the price range of $150,000 or less is really not a reflection on the sales trend, but rather the fact that we do not have as many homes in that price range to offer compared a couple of years ago.
Whether you are thinking of buying or selling a home in Naples FL, give the “Service and Results Team” a call and will help get you started.
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