Are You a Believer?

When it comes to pricing in the local real estate market. I have to say that virtually everyone I talk to is not. Everyone believes the market is heading south, still. To the point that I'm afraid to answer the question as it raises some doubt with regard to perceived motivations in line with the reply. Or, people just don't want to hear the news because they are now in the market as a buyer. Everyone wants to sell high and buy low. Me too. The reality is, the market is what the market is.

While preparing a January 2012 market update that I usually do, I plotted some interesting data. I usually run trend reports over a four year period to see the "big picture." Just for fun, I reset the timeframe and plotted all the data I have accumulated.

So, without answering the question I'm always asked look at the data below and you decide.

What do you think is happening to the price buyers are paying for property in the Naples and Bonita Springs / Estero real estate market?