The Southwest Florida real estate market posted continuing gains in March as single family homes sales rose 12.58% from February sales numbers, and condo sales in SW Florida rose 29.28% over the previous month, as you can see from the SW Florida Real Estate Homes Closed 2005-2008 chart. Median sales prices for single family homes rose slightly over February numbers as well, but barely. See Florida real estate sales prices 2005-2008 chart.
Sales numbers and prices are down Vs. 2007 numbers, but pending sales are defintiely on the upswing which could translate to higher closing numbers in the coming months. Some of the monthly rise could be seasonal, however many agents we talk to are generally excited because buyers are definitely coming off the fence now in droves. Sales numbers at the Ellis Team at RE/MAX Realty Group have spiked, along with the phone calls. Internet trafiic is up as well, and buyers from all over the U.S. have been calling looking to buy now that SW Florida is attractively priced again.
Our foreclosures continue to sell at a brisk pace, and many times they are attracting multiple offers.