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.
Southwest Florida Real Estate Market Still Strong Leading Into Summer
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