Tuesday, August 23, 2011

24/7 Wall Street online article is questionable.

In a recent article published by 24/7 Wall Street - The 10 Housing Markets That Will Collapse This Year- Naples was mentioned as one of them.

The Naples Board of Realtors has issued a special report to help clarify some of the misconceptions about the statements in the article.

  • Since March 2007, NABOR's inventory has been reduced by over 5,000 units to now a all time low of around 7,010 active listings  
  • As of July 31, 2011, NABOR is reporting 8.83 months of inventory, which is the lowest since they started tracking months of inventory.
Click the link to view the two inventory graphs that support these statements.
To see the latest market reports, please go to my website at www.MichaelSopka.com and click on Real Estate News.

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