March Home Sales Strong in Lee County‚Äč

(Fort Myers, FL – April 21, 2017) – March was a good month for home sales in Lee County. The number of Closed Sales and Pending Sales, as well as the Median Sale Price, were all up last month.

Closed Sales for Single Family Homes jumped 18% last month, compared to March of 2016. Condos jumped even higher – with a 29% increase year-over-year. There was also an increase of almost 9% in the number of Pending Sales for Single Family Homes, and more than a 12% increase for Condos.

Median Sale Prices continue to rise. The median price for a Single Family Home was $255,000 in March, compared to $225,000 in 2016. Condos sold for a median price of $193,650, compared to $172,500 last year.

Homes are taking slightly longer to go under contract than they did a year ago with a median time of 67 days – up 15.5% from 58 days last year. We also have more homes going on the market with a jump of 5% for Single Family Homes and almost 18% for Condos.

Broken down city by city, Fort Myers Beach had the biggest change year-over-year in Closed Sales. In 2016, 8 homes sold with a median price of $504,610. Last month, there were 19 closed sales on Single Family Homes with a Median Price of $825,000.