Southwest Florida Real Estate Market Still Strong Leading Into Summer

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  • Thursday, July 10, 2014


  • A June NABOR report states the housing market in Southwest Florida continues to grow. Four big indicators cited for the optimistic outlook is that pending sales are up, closed sales are up, median closed priced are up, and finally, days on the market have decreased. Overall inventory is down a bit, due in large part to the lack of condominiums on the market. But inventory of single family homes has actually increased 5% from the previous year. The pace of new home construction is increasing almost daily, and this will help relieve the pressure on inventory. The reduced number of distressed properties for sale, less than 10%, also is encouraging news for the real estate market. Other positive factors influencing the market are continued gains in the stock market, and low interest rates helping to boost consumer confidence. A good local real estate agent knows these trends, and we have them at the Southwest Florida REGroup. So please give us a call at (239) 289-1849 for any and all of your real estate needs.