Numbers released from the Naples Board of Realtors in December 2009 showed a 230 percent increase in sales from November 2008 through November 2009.  The phenomenal increase in high priced home sales prompted experts to predict a rebound in the local real estate market sometime during the year 2010.

While the median home price is still down approximately $100,000 from the same time last year, many real estate agents and brokers expect that to change sooner rather than later.  Multiple bids on homes, something that was considered “the norm” several years ago, have started coming back into play, bringing up the median home value, one transaction at a time.

Bidding wars, which were only seen often when dealing with foreclosures or short sales, are beginning to resurface, bringing with them new hope for sellers who have been waiting years for their home values to increase.  It seems that some good news for desperate sellers may finally be on it’s way.