Fort Myers home price increases are moderate

FORT MYERS — The median price of an existing single-family home in the Fort Myers area moderated in September to single-digit annual percentage growth.

The median price of an existing single-family home in the Fort Myers area rose 3.9% to $175,000 in September compared with September 2013, according to the Realtor Association of Greater Fort Myers and the Beach.

Over the last few years, the median price of an existing single-family home in the Fort Myers area has been rising at a double-digit annual percentage clip of as much as 20% or more. Now that bargain-priced foreclosures represent a small segment of the market, price increases have slowed.