One way to measure the return of second home markets like those in West Florida is the volume of inbound air traffic. According to Lesley Deutch of John Burns Consulting, the Naples, FL housing market is firing on all cylinders this year, with strong demand from retirees, second-home buyers, and snowbirds.
She reports that local prices, as measured by the Burns Home Value Index™, are rising 0.5% per month, inventory is down from a 6.4 months’ supply a year ago from 6.4 months a year ago and deplanements in the Southwest Florida International Airport are u 3 percent over last year, the largest increase since 2007.
“We see a strong correlation between airport traffic and home prices in Naples, as many visitors to Naples eventually buy a house for retirement or a second home,” she says.
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