FOR IMMEDIATE RELEASE
(Fort Myers, FL –July 23, 2019) – Lee County’s housing market saw a small increase in June in closed sales compared to June 2018, according to the latest statistics just released by Florida Realtors®. Year-over-year, sales were up by 1.0% for Single Family and 1.4% for Condos & Townhouse. The sales slipped a bit compared to May 2019, but looks typical for this time of the year.
June showed Median Sale prices were up slightly at 2.0% for Single Family, while Townhouse and Condos showed a decrease of -5.0%. Inventory is up year-over year with Single Family up by 5.6% in Active Listings, showing a 5.2 Months Supply of Inventory. Active listings were steady up by 0.1% year-over-year for Townhouses and Condos with a Months Supply of Inventory of 5.8. Both Single Family and Condos are in a balanced market with these numbers. The time properties spent on the market in June, was 71 Days for Single Family Homes and 75 Days for Townhouses and Condos.
Broken down by cities, Single Family in Pine Island (30.0%), North Fort Myers (29.2%), Fort Myers Beach (28.0%) and Estero (10.0%) had double digit increases for June over 2018. There was a significant drop in sales for Sanibel/Captiva at -30.8% over 2018. All other cities showed slight increases or decreases for the month.
When looking at Closed Sales by Price Point, the numbers were up for Single Family and Condos & Townhouses for the under $50,000 price range at 100%. The $50,000-$99,999 took a big decrease at -29.4 for Single Family and -21.6% for Condos & Townhouses.
PLEASE CLICK LINK TO SEE THE NUMBERS FOR JUNE: SWFL Realtors® Monthly Market Report-JUNE 2019