Our current market is continuing to show modest and steady increases. We're still seeing the leveling and even some minor increases working their way into the higher price brackets with more significant news regarding the $1,000,000-$2,000,000 categories with overall closed sales up by 29% over the last year versus the prior year. Overall inventory reduction over the last year is at 5% and the single-family median price increased for the 8th month in a row with a total increase of 10% over last year. Condos have slightly lagged regarding median price which is why pending are up in that category by 17% this February versus February 2010. Further, it is clear that there is a definite change in the overall buyer mentality this year versus last with people not being so dead set on getting a better deal than the previous. It seems that the overall perception is much more positive than I've seen it in about 5 or 6 years. Activity in Olde Naples, Grey Oaks, Port Royal, and Aqualane Shores is quite strong at this time.
Rex Miller, P.A.
Realtor