Lee County Resale Home Market Data W/E October 28, 2007
Inventory (Homes on the market) were 533 listed last week
Sales for last week compared to the same week last were down 91 vs 153 LY
Inventory continues to outpace pendings sales.
Denny Grimes & Company Office Statistics
Denny Grimes & Company showings
Internet Activity (Buyer leads)
The total absorbtion for the county is down -37% for September. Typically resales account for 40-50% of the total absorbtion of single family homes. This year the number are slightly less as builders are dumping inventory rich with deep discounts and incentives.
Condos and Villa homes that went pending last week were 22 while new listings were 248. We expect the condo inventory to push through 9000 again as sellers reach out for seasonal buyers between now and Easter.
Lee County Florida's Real Estate Market
The ins and outs of sticking your toes in the sand when the sun is beating down in December. Finding just the right home or condo in Fort Myers or Cape Coral. Helping people understand to to buy and deal with foreclosures, bank owned REO properties and short sales. Opportunites exist and The Real Deal is my attempt to give you my perspective from the heart of our real estate world here in south west Florida.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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