“For the first time in twelve years, Downing-Frye Realty had a February Pending Sales Volume of over $200 Million!” said Mike Hughes, General Manager for Downing-Frye Realty, Inc. “Last February we had 286 new pending sales contracts, and this February we had 327. In some years it is easier to get a read on the market, and in other years the market sends mixed signals. For instance, this January’s pending sales were lower than last January’s, which most attributed to pent up activity that had been delayed by the hurricane the year before. This year started off a little slower than last year but it accelerated in February. With a listing inventory of over 1,300 properties, Downing-Frye is poised for an active season.“
Naples Area: Opportunities for Buyers
The Naples area has seen its resale market inventory climb over the last few months. As such, there was 8.4 months of inventory in January 2019, typically indicating a buyer’s market, up from 6.3 months of inventory in January 2018.