The June 1st Market Report
Closed Sales
Closed sales units in May remained approximately the same as May 2010, and the third highest on record for the month.
Median sales price year-to-date increased 9% over April’s year-to-date median price.
Median sales price for the year-to-date May period has remained relatively consistent for three years.
Closed sales units over $1,000,000 are up 11% for the year.
Pended SALES
Pended sales remained brisk in May and approximately even with May 2010.
Year-to-date pended sales are the highest on record for the period, and comparable to 2005 levels.
NEW LISTINGS
The number of new listings placed on the market in May was the lowest since 2005.
Available inventory in the Naples, Bonita Springs, Estero market on June 1, 2011 stands at 8,101 units (4,310 condominiums and 3,791 single family homes). This represents a 17% decrease over the same period 2010.
Overall inventory represents slightly less than a 10 month supply based on closed sales during the past 12 months.
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