Our March sales of single family resale homes were down -22% compared with March 2008, which was the worse in the State. So what! They were down -37% in February and -31% in January. In March 2008 the sales were down -29% compared with the previous year. So, in reality, -22% looks pretty good and our March sales were up 60% from February. Our Median Sales Price in March of this year compared with last March WAS THE BEST IN THE STATE! Our median sales price was down -3% compared to the overall States -30%. That is good news which the news media frequently overlook. The fact of the matter is that in a lot of areas in the State, houses are being dumped........Ft Myers- Cape Coral sales increased 192% in March and their median price was down -58%. We have the most stable real estate market in the State. Our number of existing single family homes on the market is decreasing. We are steady on our normal track for this time of year......with fewer sales. While many local sellers feel that they are taking a great loss to get their home sold, they really do not realize how good they have it compared to much of the rest of the State. Local buyers need to understand their purchase of a home here is a lot safer investment and those buyers purchasing homes where they are being dumped in other parts of the State. Have you ever made a purchase of a discounted item that shortly thereafter it was further reduced? It is all about VALUE.
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Provide the Tallahassee Florida real estate community and public with analysis of current real estate market trends. Informative ideas for selling and buying homes, townhomes, condos and lots & land.