Greetings from beautiful Cape Coral, Florida! The latest numbers are out for our area sales in August and depending on your perspective the news is either good or bad! For Realtors the numbers are great because sales increased by 32% from this time last year! There were 684 sales which translates to 1368 transaction sides. It was reported as the largest year over year increase in Florida!
For sellers the news was not so encouraging because the median price dropped to$146,900 from $250,800!! Although there are still 15,000 homes on the market it is encouraging to see the increase in sales and the decrease in inventory!
So what can we take from this? If you are in the market for a home in Cape Coral or Ft. Myers, Florida now is the time to buy! Homes are selling at 1999 prices! It is a buyers market so jump in and take advantage of the current market conditions! They won't last forever!
Mike Kelly, Sellstate Advantage Realty, Cape Coral, Florida 239-549-9200