Posted by: Wendy Harpp | January 11, 2012

November stats from Florida Gulf Coast MLS

New Monthly Market Indicators have been released for November 2011. Great news on several fronts for us here in the SW Florida real estate market.

Median single family sales prices in Lee county are UP about 20%  over last year!! We continue to see a decline in short sales as well as foreclosures month to moth and an increase in traditional sale. Again great news for all.

One note of concern is that we are seeing a very concerning inventory level decrease. Currently Cape Coral is  trending at just over 1 month supply of single family homes, second lowest in Lee county, Lehigh Acres having the lowest level of inventory at less than 1 moths supply.  On the upside of that we continue to see an increase of new construction and building permits being issued.

All in all good news for both the seller and the buyers! The deals are still good for those of you that want to jump into the market and for those homeowners that are interested in selling things are looking up!

Please visit my website and follow me on twitter! 🙂



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