If you look at the “crash” of 2007 and 2008, the available inventory was 36 months based on sales. Today, our inventory is less than 3.5 months and as you can see from the chart, median home prices in Fort Myers near $ 300,000 for a single family home.
June 2016 (Quarterly) is a Neutral market*
Months of Inventory based on Closed Sales in June 2016 (Quarterly): 4.2
• Down 26.5% compared to the last quarter
• Up 31.2% compared to the last year
The foreclosure and REO market is drying up with only 89 total single family homes for sale in June that are foreclosures.
This last chart shows sold properties, pending sales and current inventory in Fort Myers Florida.
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