2011 Housing Inventory Ends at 5-Year Low

• Originally posted at http://www.naplesarea.com/real-estate-news.asp

Naples real estate activity in 2011 has led to a five-year low in inventory, according to a report released by the Naples Area Board of Realtors (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).

Statistics compiled by NABOR show an increase in overall sales with inventory diminishing in Collier County, which is an encouraging sign that the favorable market conditions are moving buyers. The available inventory declined 17 percent in 2011 with 7,581 available properties compared with 9,145 available properties in 2010. In the under-$300,000 market category, the available inventory declined 21 percent to 3,771 properties in 2011 compared with 4,763 properties in 2010. Every market category showed sale increases in both pending and closed sales with the largest increase in the
$1 million and above categories.

To view the report, visit naplesarea.com.