Fort Myers Home Median Prices and Closed Sales On The rise

By February 11, 2013Real Estate

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The Realtor Association of Greater Fort Myers and the Beach has reported a 29.9 % increase in the median price of homes from $97,000.00 in 2011 to $126,000.00 in 2012.

The Association also reported an inventory decline of 13.4 % from 8,005 in 2011 to 6,930 units in 2012.

“The positive movement in the median price and the reduction in the number of bank-owned properties has helped our market recover,” said Doreen Falcone, association president. “The housing outlook for Lee County in 2013 is very positive although local residents are challenged with low inventories and tight credit, as foreign nationals and retirees are making the market quite competitive with cash purchases.”

In general the housing market is looking up in the Fort Myers, FL area.

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