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FORT MYERS — As traditional sales take up an increasingly larger share of activity in the Fort Myers real estate market, median prices are stabilizing, and in some cases moving upward, according to the Realtor Association of Greater Fort Myers and the Beach Inc.
Traditional sales made up roughly 55% of all single-family home sales in Fort Myers in May, according to association President Gary Verwilt. That activity pushed the median sale price in Fort Myers to $126,000, up from $115,000 in the first five months of 2010, and $110,050 in the start of 2009, according to the association.
At the same time, the number of homes sold decreased. There were 1,234 single-family homes sold in the Fort Myers area in May, down roughly 14% over the year.
But inventory is down, too. According to the Realtor Association, there are 4,656 currently listed on the Multiple Listing Service (MLS), down 28% over the year.
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