SWFL Real Estate On This Day 8/7

Here are the latest statistics for Southwest Florida real estate:

Year to date 2010:
New Listings Taken 22,617
Sales 8,180
Total Active listings at this time: 12,124
Total Pending listings at this time: 2.686

By this time 2009:
New Listings Taken 23,557
Sales 6,410

By this time 2008
New Listings Taken 25,566
Sales 4,976

By this time 2007
New Listings Taken 27,815
Sales 4,415

By this time 2006
New Listings Taken 30,270
Sales 5,492

By this time 2005
New Listings Taken 21,018
Sales 11,613

By this time 2004
New Listings Taken 14,741
Sales 8,664

By this time 2003
New Listings Taken 59,172 (I believe we switched MLS systems and that is the reason why this number is so high)
Sales 4,626

By this time 2002
New Listings Taken 5,349
Sales 5,436

When the market was really hot there were not quite 8,000 listings on the market at any given time.  Normal is around 10,000 listings on the market.  As you can see, listing inventories in S.W. Florida are dwindling slowly.  This is my favorite indicator the SW Florida real estate market is leveling.  Some areas in Naples are already in under-supply while others still have an oversupply of inventory. 

If you have been waiting for the perfect deal, you might want to see what's available now.  Typically August and September are very slow months in Florida so you might be able to cut a deal now compared to October when many sellers tighten negotiations due to the beginning of our selling season being right around the corner.

For more information regarding SW Fl real estate, contact me direct!

Best Regards,

Shannon Lefevre, PA
Your Naples Smart Girl!