It's always tempting to try to guess the absolute moment when the housing market bottoms out ! It is even more challenging here on Fort Myers Beach, Florida because ours is a destination/vacation area . Based on activity in Century 21 Tripower's office: walk-ins, attendance at open houses, showings and properties going under contract it seems clear that, at the very least, we are bouncing along the bottom ! The bottom line is that this may well be the beginning of the rebound for our local real estate market !
Our " season " is just starting and already we have seen a marked increase in all of the important sales indicators. The following article is from the Florida Assoc of Realtors ( FAR ) where official data on sales of homes & condos is tracked and released Jan 25, 2009
| DECEMBER HOME SALES Florida's existing home sales rose 27 percent in December, making it the fourth consecutive month that sales activity demonstrated gains in the year-to-year comparison, according to FAR. Statewide sales of existing condos increased 12 percent last month; and December sales of both existing homes and condos were higher than November's statewide figures. Meanwhile, NAR reports that existing-home sales - all housing types - rose 6.5 percent in December compared to November's pace |
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