How is the Naples real estate doing? What does the trends show for homes and condos? Is it a buyers’ market, is it neutral or has it returned to sellers’ market? By looking at the first graph below for single family homes and the second graph below for condos one can gauge the market. For a fully explanation, please the narrative below the condo graph.
Naples Single Family Homes
Naples Condos
A quick explanation of the above graphs – the heavy horizontal line represents a neutral market which favors neither the buyer nor seller.  Above the horizontal line represents the strength of the market for buyers, while below the line represents the strength for sellers.
The index on the left side represents the degree of strength so that a viewer can easily determine how strong the market has been or is currently.
Both the single family home and condominium markets are still greatly favoring the buyers. The current year ’07, is reflecting a weaker market for a buyer than last year for both homes and condos.
Single family homes had few listings entered than February ’06 and a greater number of expired listings causing the index to fall from ’06. The volume of pending sales and closed sales for February were less than ’06.
Condos had far fewer listings come on the market in than February ’06 and a slightly higher number of expired listings. Pending sales were about the same as the previous year while the closed sales were below the ’06 level.
The graph can also be used by both sellers and buyers to determine when it is most advantageous for them to list or buy.
Data used to compile is from the SunshineMLS, used by the Naples Area Board of REALTORS and the Bonita Springs – Estero Board of REALTORS. The information was obtained as of midnight on March 1st for listings, pending sales, closed sales and expired listings posted by members during the month of February. Not all transactions with a date of February may not have been entered into the system as of the end of the day on February 28th and therefore, may not reflect all transactions. The actual numbers are entered prior to the analysis of the next month.