Fort Myers Real Estate Resales Increase

Home resales increased 6.2 percent in the Fort Myers area market in March.

Members of the Realtors Association of Greater Fort Myers and the Beach Inc. reported 1,556 single-family home sales last month. That was up more than 31 percent from the resales made in February 2011.

The median price — the price at which half the homes sell for more and half for less — increased slightly to $92,816 in March, up from $92,000 in February and $90,000 a year ago.

Pending home sales, or new contracts, also jumped last month. There were 3,660 contracts written in March, up from 2,603 in the same month a year ago.

Combined, foreclosure and short sales — sales made for less than the bank is owed to avoid foreclosure — continue to comprise the bulk of the market. But traditional sales saw a gain last month and made up more than 45 percent of the total market.

The statistics reflect home sales made with the help of a Realtor through the Realtor association’s multiple listing service, or MLS. Search Fort Myers Real Estate
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