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Inventory Is Down Significantly Over Prior Year

Closed Sales

The number of closed sales year-to-date is up 6% over the same period 2010, and at its highest level since 2005. Volume of sales year-to-date is up 8% over same period last year and comparable to 2006 levels. Median sales price is up 5.5% from its 2009 low, but well below the highs of 2007 and 2008.

Pended Sales

Pended sales for the month of October were the third highest for the month in the past 12 years. October 2011 sales showed a 10% increase over September. Pended sales above $1 million are up 7% through October, with the $2 – $5 million segment up 11%, and over $5 million approximately the same as 2010.

New Listings

The number of new properties placed on the market in October is down 24% from October 2010, and the lowest for the month since 2005. Available inventory in the Naples, Bonita Springs, and Estero markets stands at 7,671 units (4,189 condominiums and 3,482 single family homes). This represents a 24% decline from November 1, 2010. Current inventory stands at approximately a nine month supply.