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HUGE MONTH FOR HOUSING MARKET IN MARCH

FOR IMMEDIATE RELEASE

(Fort Myers, FL – April 23, 2018) –March was a huge month for the housing market in
Lee County compared to the previous month. Closed sales, median sale price, and
active listings were just a few of the statistics that saw a positive increase last month,
compared to February 2018. Year-over- year was slightly down from 2017 at -2.7%

The number of closed sales for single family homes was up with 1,281 closed sales in
March compared to 912 last month. Townhouses and condos were up from the
previous month with 769 closed sales in March compared to 511 last month. New
pending sales stayed relatively even for single family last month, while condos were up
8.2%.

Median sale prices were up for single family homes (2.0%) and down for townhouses
(-1.9%). And overall, houses spent less time on the market in March than they did at the
same time last year. The median time to contract was 59 days – down from 67 days, or
a change of -11.9%.

The most popular price points continue to be the mid-range homes, specifically homes
between $200,000 and $299,999, which all saw an increase in closed sales last month.

Media Contact:
Laura Shay
laura@rpcra.org

PLEASE CLICK LINK TO SEE THE NUMBERSMarch 2018 SWFL Realtors Stats Sheet