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Fort Myers, FL – The REALTOR® Association of Greater Fort Myers and the Beach,
Inc. reports that a total of 437 existing single family houses were sold
in March 2008. The percent of sold to active listings has
nearly doubled in the past 12 weeks.
In addition, 1096 single family homes are pending, reflecting a
45.3% upswing since the end of 2007.
While there has been more activity in the market,
the median sales price was $205,000, up $15,000 from last month but 18% off
what it was a year ago at $250,000.
“We’re cautious and optimistic about the recent activity in the market as the current
absorption rate (supply in months) for residential properties is less than half of what
it was at the end of December – 11 months vs. 23 months, and the lowest it’s been
in over a year”, said President Ron Carpenter. “This means that buyers are realistic
that good values and good properties are on the market and are buying while the
interest rates are low. “
Now is the time to BUY! Call me today and let me know how I can help YOU!
Whether you are planning to buy your first home or sell your existing home, Lee County is a great place to live, work, and play, contact us today!
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