Jan9th
January 9th, 2012 10:01am
Here's another positive sign the real estate market is recovering. When comparing November 2010 to November 2011, the median home price in the Greater Fort Myers area skyrocketed nearly 26 percent to $103,900. The jump is due to the fact that "traditional" properties being sold represent approximately 53 percent of sales in November 2011. That's compared to 34 percent the previous year. Single-family home Inventory is also on the decline - down nearly 35 percent when comparing year-to-year. This trend is expected to continue, meaning the median price for a home in Southwest Florida should continue to climb upward.
