(Fort Myers, FL – October 22, 2015) Lee County continues to be a very hot market!
Homes are selling for more money, and they continue to sell quickly.
According to the latest numbers just released by Florida Realtors®, there were 14% more closed sales of Single Family Homes in September than the same time in 2014. The median sale price for a Single Family home has also risen to $211,578 – a 20% increase year over year.
Condos and Townhomes are also doing well on the market. Closed sales were up 7.1% and the median sale price was $188,000, which is up from $170,500 in September 2014.
All of the cities saw an increase in the number of sales over last year with the exception of Lehigh Acres and Pine Island. The price range continues to inch up with most homes selling between $150,00 – $300,000.
The Months Supply of inventory continues to drop year over year. In September, supply was at 3.7 months, which is a 21.3% drop from this time last year. That means, as we head into Season, the inventory of homes for sale in Lee County will be much lower than normal.
The numbers reported by the Realtor® Association of Greater Fort Myers and the Beach represent all sales by members of Florida Realtors® in Lee County, FL. Statistics released each month may be revised in the future as new data is released.
The numbers reported by the REALTOR® Association of Greater Fort Myers and the Beach represent all sales by members of Florida Realtors® in Lee County, FL. Statistics released each month may be revised in the future as new data is released.
**For more specific details, contact Scott Morrison at Scott@PTropical.com / Ask for “Current Market Statistics-Lee County”