The median price of a single-family Lee County home sold with the help of a Realtor increased 4 percent in February — from $87,900 to $91,500 — from a year earlier, according to statistics released today by Florida Realtors.
Also, the number of single-family homes sold fell 12 percent from 1,259 to 1,106 during the same period, the release states.
In a separate report also released today, the National Association of Realtors said sales of previously occupied homes fell last month to a seasonally adjusted annual rate of 4.88 million. That’s down 9.6 percent from 5.4 million in January. The pace is far below the 6 million homes a year that economists say represents a healthy market.
The weak sales and rise in foreclosures pushed home prices down to their lowest national level in nearly 9 years.
Statewide, Florida’s median price was down 2 percent from $124,500 to 121,900 and the number of sales was up 13 percent from 12,164 to 13,701, according to the Florida Realtors report.
Courtesy of News Press