Housing Market Still on Fire in Southwest Florida

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Despite what appears to be a cooling down of the housing market across the country, a new report shows Southwest Florida is still on fire.

Realtor Jesse Butler released new local housing data on Monday that detailed how the local market performed over the past 7 days.
Butler says in Lee County last month, new listings increased 12% for single family homes and 6% for townhomes and condos. “Pending sales for single family homes were up 37% percent for single family and 11% for townhome/condo homes. The average sales price for a single family home jumped to $661,403 in May. Townhomes and condos saw a slight increase from last month with sales prices averaging $429,995.”

In May, according to Butler, the average number of days between when a property was listed and when an offer was accepted (also known as days on market) dropped to 18 days for single family homes and 11 days for townhomes/condos. Those are the lowest numbers in nearly two decades.

Butler is a Real Estate agent with the Miloff Aubuchon Realty Group and can be reached at 239-634-3091.

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