Market Report, December 2009

Closed Sales

Closed sales units are up 42% over year-end 2008.  Volume of closed sales is down 3%.  Closed units for December marked the highest month since December 2004 and the second-highest December on record.

Pended Sales

December pended sales are the highest December on record.  Units pended during the month are up 52% over December 2008.  December pended sales units over $1,000,000 are up 86% over prior year December.  This is the fifth month to record an increase over prior year in this price segment.

New Listings

The number of new listings placed on the market in 2009 is down 10% from 2008.  New listings taken in December are the lowest for any December since 2004.  Every price segment except properties priced under $250,000 showed a decrease in the number of new listings compared to 2008.  Active listing inventory on January 1, 2010 represents a 24% decline from January 2009.

Click for complete report: http://www.johnrwood.com/documents/MarketReportDEC2009.pdf

Posted by: Linda Loomis, Realtor
John R. Wood Realtors
Naples FL
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