Phil Fernandez | Naples Daily News
As abodes keep piling up in the Naples area multiple listing service known as the MLS, going old school may not be the best play entering the typically busier snowbird swarm.
Old school as in yanking listings that don’t sell by the start of summer and bringing them back for the bustling winter season.
“There have been 1,861 units withdrawn from the MLS in the past 120 days,” said Adam Vellano, a Compass Florida managing director, as summer and its 90-degree heat was stretching into the start of October. “This is a common trend annually as some sellers pull down their listings because they don’t think they’ll get the highest price during off season months. Unfortunately, if inventory begins to rise in the coming months in anticipation of our winter season visitors, the added competition will likely put pressure on sellers to lower their initial list prices or entertain below list offers.”
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For more information about buying a home in the Naples, Florida area contact David at David at David@DavidFlorida.com or 239-285-1086.