Naples Bonita Springs Estero FL: A Buyers Market, but How Much Longer?
Inventory Decreases, Median Home Prices Increase
Buyers have taken advantage of the current market, price is driving the activity and the inventory of available properties has plummeted (bottom graph.)
The sales activity is approaching record levels. Naples up 20% on an average sales volume per month basis year-over-year while the Bonita-Estero market is up 10%.
The average median price paid overall for the same average and year-over-year comparison is Naples up more than 15% and Bonita-Estero up nearly 10%.
I expect this buyer's market activity to drive sellers back into the market soon. There's nothing like low inventory and rising prices to do just that.
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