It's the 1st of the month (or maybe a bit beyond) and I have posted on www.BobPisa.com a reports that shows the charts for 12-month running average selling prices and unit volume sales. The data is broken down by area - Naples and Bonita Springs / Estero Florida. It is also broken down by single-family home and condominium. Here are the single-family pending home sales trends, the leading market indicator...
Bonita Springs / Estero on the left, Naples (rocket ship) on the right.
Data provided by Sunshine MLS
Bonita / Estero have leveled off over the past few months although the trend is still positive. The average number of homes sold for the past 12 months is 57 so a saw tooth trendline is not unexpected. There seems to be no stopping Naples though...look at that trend line! You may click on each image to go directly to the report page on my web site.
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