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Real Estate Stats for SW Florida Real Estate - June 2014

Details of real estate market in SW Florida May 2014
Median Sale Price:
Locally, the median home sale price for single family homes went up  2.5% last month, up to $200,000. This reflects an increase of 8.1% from the same time a year ago.  The median sales price for condos and townhomes were up slightly over a month ago to $171,000, this reflects an increase of 5.6%  over a year ago.

Inventory of homes:
Housing inventory also dropped 5.6% from a month ago, this is the fourth month in a row for decreasing inventory.  This is, however, still about 5.5% higher than the same time last year. 
This represents a 5.2 months supply of inventory for single family dwellings and 5 months for condos/townhomes.  Experts typically equate an inventory level of 6 months or more to a buyers market; and less than 6 months a sellers market. Average days on market are 53 days for single family homes and 64 days for condos and townhomes; which is still a very robust number.

Conclusion:
The local real estate market which has been balanced for a number of months is tipping into a sellers market over all.  

Interest rates remain low and gives the average buyer continued buying power.
View Real Estate Market Stats per zip code.

If you would like more detailed information on SW Florida real estate market statistics, please contact us at dave@thelangteam.net.

 



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Why search for SW Florida real estate here? National real estate search sites like Realtor.com, Trulia and Zillow display only syndicated information; the result (much of the time) is old information.  As much as 30% of their listings are NOT on the market anymore.  Our search DOES pull direclty out of the local MLS so you can search for properties just as your real estate agent would.  This search tool gives you access to ALL properties on the market in real time.  Enjoy.

Fort Myers Beach

The Lang Team of Keller Williams Realty specializes in the Fort Myers and Cape Coral areas of Lee County Florida and are very familiar with current market trends and dynamics of the local real estate market.  We sell over 8 to 10 times the amount of properties the average real estate agent sells!  Please let us know if you have any questions about the area or about a particular property that you see here or anywhere else; we would love to assist you in your home search.  You can connect with David Lang directly here.

Feel free to use this web site to gather information on the real estate market and current trend in real estate in
SW Florida including Cape Coral, Fort Myers, Fort Myers Beach and surrounding Lee County, FL.  You can also obtain information on local SW Florida beaches, get up to date real estate news, real estate market statisticslocal real estate information, and much more.   

If you currently own property here in SW Florida and are thinking of placing it on the market, this site contains information about:  current real estate statistics, preparing your home for sale, selecting the right Realtor, pricing your home appropriately, marketing it effectively, going through the inspection processes, and receiving a timely market evaluation.  Market reports for individual neighborhoods are availible at NO CHARGE.  In addition, we offer a
free Comparative Market analysis to help you with evaluating your property's current market value.  All of this is free of charge and with no obligation; just contact us and let us know how we can help.


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