SALES UP 87 PERCENT
Report Shows Inventory Declines 13 Percent

The headline is from a very recent (September 11, 2009) press release from the Naples Area Board of Realtors - NABOR.

"...Overall pending sales, which are a key indicator of buyer activity, increased 87 percent with 872 contracts in August 2009 compared to 461 contracts in 2008..."

Additional specifics from the press are:

• Overall closed sales increased 38% with 545 closed sales in August 2009 versus 395 in 2008
• Single-family homes pending sales contracts for properties under $300,000 increased 106 percent to 344 contract in August of 2009
• The available inventory decreased 13 percent to 9,163 compared to August of 2008
• The average days on market (DOM) decreased to 160 which is a 21 percent reduction from its peak in May of 2008 of 202 days
• Condo pending sales increase 89 percent with 370 contract in August of 2009

You may read more market information here --> Bonita-Estero, Naples

www.BobPisa.com