Home sales rise 36 percent over a year ago in Naples area, NABOR reports

According to a report released early this afternoon by the Naples Area Board of Realtors: Overall pending home sales in the greater Naples area, which includes the Naples beach area, North Naples, central Naples, East Naples, Immokalee and Ave Maria, saw an increase of 101 percent with 1,029 pending sales in May compared to 511 in May 2008.

The report tracks home listings and sales within Collier County, excluding Marco Island.
The most encouraging statistic to date is that from 2008 to 2009 all geogrphic areas of Naples saw an increase of at least 50%. Inventory is decreasing and sales have seen a continued upward trend, could Naples be seeing the first signs of a positive market?

The available inventory decreased 10 percent to 10,046 in May compared to 11,175 in May 2008, NABOR reported. Source: Naplesnews.com

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