In a recent article in the Fort Myers newspress, based on the sales data from the Realtor Association of Fort Myers prices have steadily increased in the Lee County/Fort Myers area. The 2012 total year median price increased by 29.9 percent from $97,000 in 2011 to $126,000 in 2012. Overall inventory declined 13.4 percent from 8,005 in 2011 to 6,930 units in 2012.
The housing outlook for Lee County in 2013 is very positive although local residents are challenged with low inventories and tight credit, as foreign nationals and retirees are making the market quite competitive with cash purchases.
Closed sales of single-family homes and condos were up 8.3 percent from 1,138 in 2011 to 1,233 in 2012.
Pending residential sales were down 48.7 percent from 3,689 a year ago to 1,894.