The last 12 month trend tips towards the average # of single family home listings per year (6792). The sold single family homes over last 12 months was 4284. The difference between these two numbers gives us a 4.4 month inventory of homes. As the inventory drops off obviously prices will take a more serious up turn. However, SW Florida has maintained a 3-5 month average of inventory for many years. Thankfully, we still have the demand for exceptionally priced properties and the fact that it is Florida doesn't hurt. Thanks for your question.
Sarah Garrett, Realtor
ALLIANCE REALTY GROUP
"Chosen Best in Client Satisfaction 2006-2012" by Gulfshore Life Magazine
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Interest rates and home prices will also impact the ability to purchase, although the majority of sales have been cash.
We are experiencing an increase of sales, reduced inventory, and rising home prices, but we also are witnessing a huge amount of international and domestic buyers that are nonstop. Many Realtors are swamped with buyers, and good properties receive multiple offers and sell quickly.
All appears balanced but the market is leaning towards a seller's market as demand continues.
As I described in a Trulia blog,it is also a good time for sellers to sell, especially if "moving up."
Feel to contact me to discuss.
Kind Regards, Kevin
Kevin Rathburn, Realtor
239-269-4575 Direct Line
If you are interested in more information about selling your home or purchasing a home, you may contact my team at Keller Williams Realty Naples.
We will assist you through each step of the process.
Contact me at 239-601-6088