In June, the percentage of “traditional” sales — those that are neither bank-owned or short sales — made up more than 52 percent of all transactions involving members of the Realtor Association of Greater Fort Myers and the Beach Inc.
The higher selling prices for traditional homes are helping to boost the area’s overall median price, which increased 9.14 percent last month to $101,500, up from $93,000 a year ago. June was the fifth month in a row that the median price exceeded $92,000.
The median price is the price at which half the homes sell for more and half for less.
“The market indicators are up across the board,” said Gary Verwilt, the association’s president.
In June, 1,233 single-family homes sold, down more than 8 percent from a year ago when a federal homebuyer tax credit was still available.
Pending sales – those under contract and awaiting closing – were more than 124 percent higher in June than they were a year ago. Last month, 3,386 homes went under contract.
Courtesy of Naples News