The Naples market is broad in scope and inventory varies by geographic area. Generally speaking, the demand for homes has sparked building activity which is at its highest in years. The amount of that inventory which is released will impact the balance of supply and demand.
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."