For Better or Worse, seems like we hear that everyday. Latest numbers pulled from the MLS shows our market is no better, nor any worse than back in January 2007. There have been some changes though, and we’ll discuss them here.
The Ellis Team at RE/MAX Realty Group in Fort Myers Florida long ago developed a system that accurately gauges market activity relative to Supply levels, and we deemd this index the Current Market Index. We developed this index because it helps tell the story of where we are today, not just where we’ve been with closed sales reports. The higher the CMI Index, the more supply we have relative to demand.
|April 15, 2007||Active||Pending||CMI|
|January 23, 2007||Active||Pending||CMI|
|November 27, 2006||Active||Pending||CMI|
Since January 2007 we also changed the MLS reporting system, as the MLS of Greater Fort Myers and the Beach became part of a larger system called MLS Alliance. Local Boards no longer data share with each other, but rather this new entity. We’ve tried to align the fields up accuratley to reflect the same data, even though each Board reports slightly differently. We have no less than 6 Boards that post Lee County properties into this database, so it is broad based and very useful.