|Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for July 2020|
|Local Real Estate Sales Figures Show Improved Results in June
• Amid COVID-19 pandemic, year-over-year sales were down slightly for single-family and townhouse/condominium properties versus June 2019.
July 22, 2020. FORT MYERS, Fla. – Lee County’s housing market saw a slight decrease in closings in both the single-family and townhouse/condominium categories in June compared to the same period a year ago. This is typical in our market area in summer months, when sales activity tends to be lower. Closings in the single-family category were up in June 2020 (1,241) compared May 2020 (924). Year-over-year, sales were down by 1.3% for single-family and 12.8% for townhouses and condominiums, according to figures just released by Florida Realtors®, an umbrella organization for Realtor® groups throughout the state.
June showed a median sale price increase of 5.3% for single-family and 0.6% in the townhouse/condominium category. This shows stability in the pricing segments. Inventory is significantly down for both. Year-over-year, local inventory of single-family dwellings is down again this month at 28.7% as shown in active listings. A 3.6-month supply of inventory shows the market is in a sellers’ market. More listings are seeing multiple contracts of offers.
In the townhouse/condominium category, listings were down 15.0% versus June 2019. That translates to a five-month supply and shows a more balanced condo market.
Time spent on the market in June was about the same as June 2019 — 78 days for single-family homes and 81 days for townhouses and condominiums. June 2019 showed 71 days for single-family and 75 days for townhouses and condominiums.
Broken down by city, Estero saw a 30.9% increase in single-family dwellings over last year. Sanibel/Captiva followed with an 11.1% increase. Pine Island saw a large loss at 53.8% decrease compared to last year.
When looking at closed sales by price point, all single-family homes the difference was mixed with the biggest increase in price for Pine Island.
SOURCE: Royal Palm Coast Realtor Association
June Market Activity Sets …
|Below are highlight properties for Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for July 2020. See more at the full report:|
|See the Full Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for July 2020|
|Information valid as of July 21, 2020. Please contact us for the most current information and status of these properties.|
July Market Report for Fort Myers, FL + Naples, FL
Surprising Changes in the Florida Real Estate Market Edited by Ashley McCrea It is officially high season in Florida! The snowbirds... read more
2022 Florida Housing Market Review and 2023 Predictions Edited by Ashley McCrea Welcome to the end-of-year real estate market update! 2022... read more
12020 Champions Green Way, Fort Myers, FL ... read more
Skyrocketing Days On Market Means Big Changes! Edited by Ashley McCrea The average Days On Market in Florida are skyrocketing when... read more