Fort Myers Real Estate Market Update July 2014: Prices Rise
Here is your Fort Myers Real Estate Market Update July 2014. June sales numbers are out for the Fort Myers real estate market and SW Florida real estate market and median home prices rose 8.1% over last year’s numbers.
Listing Inventory Rises:
Listing inventory is up 5% from last year. Actually listing inventory is down but it’s always down this time of year. Inventory levels are rising nationally and are at their highest levels in over a year.
Rising inventory levels is seen as a good sign as inventory levels have been dangerously low. This has caused prices to rise. as prices have risen more sellers can now afford to sell, and builders are bringing new homes to the market because prices have risen. Many sells don’t realize new construction inventory is about to hit the market starting in September. This should help level out prices.
The SW Florida real estate market is in good shape because our local economy is strong here. A weaker housing market up North can affect us here in SW Florida, but there is usually a lag.
We’ll be keeping a watchful eye on the Fort Myers Real Estate Market and providing you updates. In the coming days we’ll have a more detailed analysis on our Blog. Feel free to search the MLS if you have interest in buying or selling in SW Florida.
You can always call us at 239-489-4042 with questions.
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RE/MAX Realty Group
Fort Myers Real Estate Expert
7910 Summerlin Lakes Dr
Fort Myers, FL 33907