(Fort Myers, FL – April 20, 2016) – Lee County saw a drop in Closed Sales year-overyear during the month of March. However, Closed Sales were up compared to January and February of this year. We also continue to see positive trends in Median Sale Price and Active Listings.

In March, there were 1,115 Closed Single Family Home Sales. That is a 13% drop from the same time in 2015, which saw 1,284 Closed Sales. Condos and Townhouses took a bigger dive, with Closed Sales down more than 18% year-over-year.

City-by-city, Fort Myers Beach saw the biggest drop in Closed Sales in March 2016. Only 7 Single Family Homes sold last month, compared to 18 the same time in 2015. That is a drop of 157%.

However, Median Sale Prices continue to grow for Single Family Homes. In March, the Median Price rose 4% to $225,000. When broken down by city, every area except Fort Myers Beach and Bonita Springs saw a jump in price.

There are also more properties going on the market. Active Listings for Single Family Homes were up more than 8% in March, compared to 2015. There was a 29% increase in listings for Condos and Townhouses.

Media Contact: Laura Shay

laura@swflrealtors.com

First Quarter Inventory is Reason to Smile

Naples, Fla. (April 15, 2016) – According to statistical data in the First Quarter 2016 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), buyers, sellers and REALTORS® have a good reason to smile because inventory is on the rise; making the Naples area housing market more stable than any previous quarter in the last eight years.

“Our seasonal buyers seemed to get off to a slow start this year, but showing …

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