Enthusiastic homebuyers did not waste time making offers in December. Pending sales for homes in Naples increased 88.6% to 1,535 pending sales from 814 pending sales in December 2019.
While demand remains strong, the market’s available inventory in December 2020 decreased 49.1% to 3,140 homes, down from 6,163 homes during the same period in 2019.
As a direct result of the effects of the pandemic, 2020 was one of the first years in history where we saw more buying activity during the second half of the year than the first half of the year.
Read the NABOR Market Report here.
– Mike Hughes, Downing-Frye Realty, Inc.