OVERALL HOUSING INVENTORY DOWN 13 PERCENT
From First Quarter 2011 to First Quarter 2012
Naples, FL (April 13, 2012) -- The overall housing inventory available declined 13 percent from the first quarter of 2011 which had 8,762 properties compared to the first quarter of 2012 with 7,596 available properties, 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).
The first quarter report provides quarterly comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. An overall summary combines the statistics for both single family and condominium properties.
The statistics are presented in chart format, along with the following statistics for first quarter 2012 compared to first quarter 2011:
- Overall pending sales increased 14 percent in the $300,000 to $500,000 category, 29 percent in the $500,000 to $1 million category, and 14 percent in the $1 million to $2 million category.
- Overall closed sales increased 21 percent in the $500,000 to $1 million category.
- Overall median closed price homes increased 14 percent.
- Inventory decreased 13 percent.
- The average DOM (Days on the Market) decreased 3 percent.
- Naples Beach Area overall pending sales increased 14 percent.
The March report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary.
The statistics are presented in chart format, along with the following statistics for March 2012:
- The overall median closed price increased 27 percent in March 2012 compared to March 2011.
- Pending sales increased 19 percent in the $500,000 to $1 million category for the 12-month period ending March 2012.
- Pending sales increased 57 percent in the $1 million to $2 million category in March 2012 compared to March 2011.
- Overall closed sales increased 13 percent in the $2 million plus category for the 12-month period ending March 2012.
- Overall closed sales increased 29 percent in the $500,000 to $1 million category in March 2012 compared to March 2011.
To view the entire report, visit stats
The Naples Area Board of REALTORS® (NABOR) is an established organization (Chartered 1949) whose members have a positive and progressive impact on the Naples community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 4,000 plus member-customers. NABOR is a member of the Florida REALTORS® and the National Association of REALTORS®, which is the largest trade association in the United States with more than 1.3 million members and over 1,400 local boards of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.
