Naples Florida homes for sale at the beginning of October was 3698 last year. There were 5244 homes for sale in September. This represents a reduction in the total number of homes for sale by 1546 or about 30 percent,. During the month of August. There were a total of 3777 homes for sale. The 3698 available homes for sale represents a decrease of approximately 2%.
The graph below shows shows the active number of listings for the period January 2008 to September 2009.
Naples homes for sale showing 2008 and 2009
The composition by type of listing is shown below in the pie chart.
October composition of homes for sale in the Naples area
The breakdown by type for the above:
Traditional - 2814
Potential short sales - 760.
Foreclosed - 124.
The breakdown by type of potential real estate transaction for August is shown below in the pie chart.
September composition of homes for sale in the Naples area
The breakdown by type for the above:
Traditional 2867.
Potential short sales 773.
Foreclosed 137
A factor, which supports an improvement in the Naples real estate market for single-family homes is the months of inventory. The current months of inventory is slightly below 12 months whereas in August. The months of inventory was likely above 12 months last year the number of months was 27. This represents a reduction in excess of 50 percent.
The line graph below reflects the months of inventory over the period of January 2008 two September 2009.
Months of inventory - homes for sale
During the one of October historically, there is a sick depth against increase in the number of new listings that come on the market. The question is will wield the number of active listings as well as the months of inventory available for sale. Continue to show declines.
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