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BIG JUMP IN CLOSED SALES IN APRIL

FOR IMMEDIATE RELEASE

(Fort Myers, FL – May 24, 2018) – April was a great month for Closed Sales as well as New Pending Sales in Lee County. Single Family Homes and Townhouses and Condos sat on the market for less time than in 2017.

Closed Sales were up 23% for Single Family homes last month. In 2017, There were 1,186 Closed Sales, compared to 1,459 last month. 627 Townhouses and Condos sold in 2017, compared to 770 last month, an increase of 22.8%.

Active Listings were up for both categories. There were 6,009 active Single Family Home listings last month, up 5.1% from 5,719 in 2017. There were 3,545 active listings for Townhouses and Condos in April – a slight increase from 2017 when there were 3,495. The Months Supply of Inventory increased 5.6% for Single Family but dropped 5.7% year-over-year for Townhouses and Condos.

Broken down by city, Estero and Fort Myers Beach saw massive jumps in the number of homes sold. There were 79 closed sales in April compared to just 38 last year, which is an increase of nearly 108%. On Fort Myers Beach, 21 homes sold compared to 11 in April 2017, a 91% difference. Lehigh Acres, North Fort Myers, Pine Island, and Sanibel/Captiva also had large increases in the number of closed sales last month.

The biggest increases when broken down by sale price came in the $250,000 – $299,999, $300,000 – $399,999, $600,000 – $999,999, and $1,000,000 and above price ranges.

Media Contact:

Laura Shay

laura@rpcra.org

PLEASE CLICK LINK TO SEE THE NUMBERS: SWFL REALTORS® Monthly Market Report for April 2018

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