The torrid pace of non waterfront homes continued in July with 499 closed sales keeping the fifth straight month of nearly 500 or more sales. The sales were again driven by REO sales with 271 sales. Adding in the 92 short sales which closed, distressed properties accounted for 73% of sales. The median sales price rose for 3^rd consecutive month to $87400. Our agents find that good non short sale homes under $100000 and available to buy are getting fewer. All trends indicate that we may have reached the bottom of this segment of the market.  Well priced homes command multiple offers which indicate that there are still many buyers looking for bargains.  Those bargains are beginning to get more expensive.  

Steve Koffman

Broker/Associate

Century21 Sunbelt Realty, Inc

239-443-2463  Steve@koffman.com