Lee County Real Estate Market Recovering Slowly

Fort Myers NewsPress 4/29/2007
Market conditions are ripe for home buyers who can enjoy the vast supply of choices currently available in most price ranges. Buyers now have a window of low interest rates and flat or reduced prices from sellers who have accepted the soft market for what it is.
Basically the volume of sales activity is almost exactly the same as it was before the houseing boom in Southwest Florida.
There were 633 existing single family hoimes sold in March 2002. In March 2007 there were 636 homes sold. Basically the volume of sales activity is almost exactly the same as it was before the housing boom in Southwest Florida. The median sale price more than doubled from $128,300 in March 2002, to $268,000 in March 2007. Not bad for a five year period.
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