The latest sales figures for Southwest Florida and in particular the greater Fort Myers area confirm what agents have said for some months now: The market continues to rebound and show continued support. Statistics are from the Realtor Association of Greater Fort Myers and the Beach as of May 14, 2009.
April home sales were up 105.5% year to year with 1,406 existing single-family homes sold, compared to 684 in April '08. Pending sales improved 60.2% year to year, with 2,368 single-family homes pending versus 1,478 a year ago,
Of significance is the drop in the number of single family homes listed on the MLS (at the end of April, there were 8,665 active listings of existing single-family residential properties compared to 12,324 a year ago, a decline of 29.7%). The supply of single-family homes shrunk to 3.7 months, which is less than half of what it was a year ago, when the supply was 8.3 months.
If you have any interest in ownership opportunities call me ASAP 239 699-7128 Those choosing to wait for the " Bottom " may have already missed it !
If you are considering selling now would be a great time to get your property listed.
The predictions that it would take several years to clear out the distressed properties was clearly wrong. There will be additional distressed listings making their way to the market as mortgage problems continue but the buyers have shown an appetite for them. The only snag now is the inability of banks and lenders to efficiently process the offers and get them to a closing !
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