Lee County home prices on the rise!!

Our local  Realtor Association has just released some very good news about housing and home sale statistics………….sale prices are rising.

Year to date 2012 median home prices are up over 20% from the same time in 2011. Those prices rose largely due to fewer properties entering the market….and….the majority of the homes sold[66%] were traditional sales. [fewer foreclosure or short sales]. There were some 3,623 home “For Sale”  in the market in May, compared to 6,648 in 2011. Sales during our traditional winter “Snowbird Season’ were also solid and strong this year.

For the first time in over 6 years I can now tell my sellers its s GREAT time to enter the market and sell……..and also for the first time we are seeing the pendulum swing away from a solid “Buyers” market, as we have seen with the flood of foreclosure inventory, in years past.

I am certainly optimistic that 2012 will continue with this momentum as the 2nd half of the year begins……….once again proving that we are a great destination location here in SW Florida..

By |2012-11-12T16:36:22+00:00June 7th, 2012|Cape Coral, Fort Myers, News, Other, Real Estate|0 Comments

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