Southwest Florida Market Update

Real Estate Agent with Schooner Bay Realty

The Reatlor Association of Great Fort Myers and the Beach reports a positive five-month trend in existing single family home sales.  In May, the sale of existing homes increased by 61.9 percent compared to a year ago.  719 existing single family homes were sold in May 2008 vs. 444 existing single family homes in May, 2007. In addition, 1429 single family homes are pending, reflecting a 76.9 percent upswing from a year ago. While the median sales price was down 28 percent from a year ago, it rose slightly last month to $185,900 and is well above 2003 levels,when prices in the market began to inflate.

Comments (1)

Peg Gilliland
Charlottesville Solutions - Charlottesville, VA
Broker, GRI, CDPE

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

Jun 26, 2008 01:52 PM