Realtors say Naples market stable; financial website predicts local housing collapse

Part of the reason for the predicted drop is the area's relatively high unemployment rate. In July, there were 776 total pending sales, reflecting new contracts written for homes and condos, up 2 percent from 760 last July, according to the NABOR report. The median is the price at which half the homes sell for more and half for less. That was up 3 percent from 3,995 condo sales in the previous year, which local Realtors view as another positive sign. This material may not be published, broadcast, rewritten or redistributed. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Most PopularViewedCommentedEmailed3 Marco Island homes face fines for not hooking up to sewerPublished 8/11/2011 at 6:44 p. Editorial CartoonsCheck out our galleries of editorial cartoons about current events or personalities. At the MoviesFind movie showtimes, trailers, box office results and read the latest reviews. Go ShotsPhotos of Southwest Florida residents hanging out at local hot spots around town. Biggest CatchSee photos from local anglers with their biggest catch of the day. Photo GalleriesCheck out the latest photo galleries from our staff photographers. E-EditionSign up to read an electronic replica of the Marco Eagle newspaper. Realtors