The May report is in…Naples total sales increased at least 47%!!!

According to the report, “The increase in sales ranged from 33 percent in East Naples to 56 percent in South Naples.”  And, as I mentioned in the report, the median close price has continued to level out since Septmber 2009 with the closed price coming in at $190,000 for May.   That is a 9% increase over May 2009.

A few other notable points:

• Pending sales for single-family homes increased to 477 contracts in May 2010 compared to 433 contracts in May 2009.
• Overall condo sales increased 25 percent - 398 sales in May 2010 compared to 318 sales in May 2009.
• Condo sales in the under $300,000 category increased 69 percent with 3,573 contracts in May 2010 compared to 2,117 contracts in May 2009.
• Available inventory decreased 10 percent with 9,006 units in May 2010 compared to 10,046 in May 2009

For the complete report visit www.Naplesarea.com