Fort Myers: recovery central?

As Floridians continue to watch for a true recovery in the real estate market, could the Fort Myers-Cape Coral metro area be setting the pace?

It's one thing for property sales to increase by volume; that's been happening statewide for months now. It happened again in April, too, as home sales increased 2% by volume over the year, and condo sales increased 17%, according to Florida Realtors.

But for the most part, those increases appear to be driven by continually falling prices. The median sale price for an existing single family home was $131,700 in April, down 6% over the year; for condos, the median price was $91,900, down 8%.