As you can see from the charts below, the SW Florida real estate market continued adding inventory since our last report, and pending sales have fallen again. This has led to sellers lowering asking prices to attract buyers.
Lee County Florida Current Market Statistics.
|November 9,2006||Active||Pending||Months Supply of Inventory|
*We project there will be approximately 9,048 single family closings reported in Lee County MLS, and approximately 3,144 condo sales reported. Months supply of inventory are based upon these projections.
|October 18,2006||Active||Pending||Months Supply of Inventory|
|August 23,2006||Active||Pending||Months Supply of Inventory|
|July 25,2006||Active||Pending||Months Supply of Inventory|
|May 27, 2006||Active||Pending||Months Supply of Inventory|