Naples Florida real estate is selling briskly. Our inventory is down from over 14,000 housing units in 2010 to 5998 today September 29,2011. With the inventory declining we are seeing prices hold steady or rise slightly. There is a lot of talk about shadow inventory that banks are supposedly holding back on. I am not seeing that here in the Naples market, it appears as though the banks are selling off their holdings after they get them back thru the foreclosure process
There is still time to take advantage of the extreamly low prices. Even with inventory low sellers are motivated to sell and make the deal.
Please comment on this blog and give your opinion on the housing market in your area. Thanks, Dominic Pallini
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