NAPLES — Pending sales of Naples-area mid-priced single-family homes and condos surged 29 percent in January, according to a report released Friday by the Naples Area Board of Realtors tracking home listings and sales.
The overall market saw 8,295 closed sales for the 12 months ending in January, up from 7,879 — or 5 percent — from the 12 months ending in January 2011.
Overall pending sales in the $300,000 to $500,000 category increased 34 percent from 115 in the 12 months ending in January 2011 to 154 in same period ending January 2012.
There were 379 closed sales in the $1 million to $2 million category in the 12 months ending in January. That was up 13 percent from 336 closed sales in the previous year.
Inventory dropped 19 percent from 9,388 properties in January 2011 to 7,860 this year.
Average days on the market in the $500,000 to $1 million category decreased 10 percent from 213 in the previous year to 192 in January.
NABOR's report tracks sales made through the Naples association's multiple listing service, or MLS, in Collier County, excluding Marco Island.