Tuesday, April 28, 2015 / by Michael Donovan
Lee County Real Estate Market Report from the Realtor® Association of Greater Fort Myers and the Beach, as of March 31 2015
(Fort Myers, FL – April 22, 2015) "The Median Sale Price of single-family homes has continued to climb compared to March of this last year. It has increased 18.9% year over year for the month of March to $219,938.
The Median Sale Price for Condos in Lee County increased 14.2% year over year to $185,000 for the month of March 2015.
“We continue see a decline in the months supply of inventory, and in March 2015 we were at 5.2 months supply compared to 6.3 months in March 2014,” says Jason M. Jakus, President of the Realtor® Association of Greater Fort Myers and the Beach, Inc. “Distressed sales make up only 15% respectively, with Short Sales being 2% and Foreclosures 13% of Single Family Homes sold. This is a positive trend that we continue to see month over month.”
In March 2015, single-family homes spent only 44 Median days on the market, a decrease of 8.3% year over year. That, and the fact that the Months Supply of Inventory is down 17.5% over last year to 5.2 months, indicates that Lee County continues to be a seller’s Market..."