I know this question is a few months old, but I'd like to put in my 2 cents: Its fine to say that inventory is low because Naples is a wonderful place, but it was a wonderful place 4 years ago when inventory was over 12000. The heart of the situation is a nexus of extremely low interest rates, an economic recovery which while anemic is still being deemed a recovery, and the fact that we bottomed out in 2010.
A bottom is something you can't see for sure until after its gone past, so people now see properties rising in value, money is cheap, and the economy at least isn't threatening to immediately self-distruct. That's the buyer perspective.
From the seller perspective, they're seeing their property values going up 10 per cent year over year and wondering why they should sell now when they can hold tight and get more later. So, buyers are buying, potential sellers are sitting tight on their percieved pot-o-gold, and inventory is dropping like a stone. Of course, I've no more notion than anyone when this cycle will end, but your question is 9 months old, and the inventory situation has only become more severe. I've got buyers who can't find properties they like in their price point. :(
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