Off water homes remain the hottest segment of our market with 573 homes closing through a Realtor in June. This is the highest number we have seen. The median price buyers have paid is $85000. We have seen a definite leveling out of sale prices over the past 6 months. Foreclosures and short sales dominate the market being 78% of all sales. REO’s were 58% and short sales 20%. There is strong competition for well priced homes with multiple offers common. Buyers still tend to ignore overpriced homes. There are 2880 off water homes on the market or under contract. That is a little less than 6 months inventory. Eventually decreasing inventory will cause prices to increase, but that depends on the rate that new inventory enters the market.

Steve Koffman

Broker/Associate

Century21 Sunbelt Realty, Inc

239-443-2463  Steve@koffman.com