Naples Realtors have no reason to panic.
This was one of the key messages from the sixth annual Naples Area Board of Realtors Economic Summit, held Wednesday at the Hilton Naples.
Speaker, Elliot Eisenberg, a nationally acclaimed economist with Graphs and Laughs LLC, believes that the Real Estate economy is “pretty good.”
The inventory of condominiums in the under $300,00 market has increased 25 percent in the past year after rising 33 percent the year before. Which is a mystery to some economists.
The price at which half the homes sell for more and half for less — has remained steady over the past year, with only the under $300,000 market showing a noticeable increase, Carroll said. Many of those more affordable homes are in East Naples and Golden Gate Estates.
To hear Elliot Eisenberg talk about our real estate economy at the Economic Summit, Watch the Video Below.