A Comeback for the Housing Market… the Sunshine State Shines!

Posted on: September 15, 2011

The newest data from shows that median list prices for single family homes, condos, and townhouses has surged within the last year in Florida, which, as most of us know, was one of the states that was hit earliest and hardest by the housing market downturn. examined 146 municipal areas, and within these areas, four of the five markets with the largest year over year increases in median list price were based in our own Sunshine State.

The area with the biggest increase in the country was Fort Meyers/Cape Coral, with a 33 percent increase in median list price of single family homes from August 2010 to August 2011. In second place was Miami, with a 24.5 percent increase year over year. Naples, FL was third, with a 20 percent increase from the previous year. In fourth place was Punta Gorda, FL, with an increase of 13.3 percent. And finally, in fifth place, a state other than Florida made the list, with Fort Wayne, Indiana coming in with a 12.7 percent increase over the previous year. spokesperson Julie Reynolds says, “It appears that we are in a phase of stability right now. We see this as potentially positive since Florida was one of the first markets to be affected by the deterioration of the housing economy.”

Another finding by was that median for sale listing inventories have decreased by 19 percent from a year ago, and are at their lowest levels since January 2007. Addressing this, Reynolds explains, “As inventory is declining, confidence is increasing and buyers are jumping in. Lower inventories, when combined with stable prices, we see that as a positive sign.”

Source: The Bottom Line,

If you are ready to take advantage of today’s market, give me a call and we can discuss your real estate needs!

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Contact me, Carolyn Smith at:

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