It’s not just us saying it….Leading economists are predicting 2012 for recovery!
”Our state is in a mini-recovery,” said Florida Realtors® Chief Economist Dr. John Tuccillo at the state association’s 2012 Real Estate and Economic Forecast Conference in Orlando. “Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets.”
You just have to look at the numbers to see what the Naples market is doing.
- Closed sales between $2,000,000 and $5,000,000 are up 13% through November and show a 3.7% increase in median price.
- In the month of November, the number of pended sales above $500,000 posted a 21% increase over 2010. The price segments of $500,000 – $750,000
and $1 – $2 million were the most improved, each with a 25% increase over November 2010.
Dr. Lawrence Yun, chief economist for the National Association of Realtors®, said many Florida markets are showing sharp drops in inventories of homes for sale – a sign that demand is picking up and prices are stabilizing. “That’s a major change from just a year ago,” he said. “Buyers have stepped back into the Florida market.”
WE know they have! Moraya Bay had 2 more sales last month!