The Ellis Team at RE/MAX Realty Group in Fort Myers has created some custom graphs to illustrate the nature and scope of the SW Florida Real Estate Market.
Our first graph, shows the number of homes closed by month for the years 2005-2007, and you can see the first few months of 2007 are down drastically over 2005 and 2006. We expect these numbers to increase each month in 2007, however we don’t expect them to return to 2005 levels.
Our next graph illustrates home prices in SW Florida real estate by month. As you can see, prices are above 2005 levels and trailing 2006 levels. As 2005 was a year in which prices rose, we epect this number could fall below 2005 levels anytime in the next few months.
Our last updated custom graph shows price changes by month instead of looking solely at the past year. We think this graph is particularly useful to spot trends. Home prices rose last November, December, and January of this year. February of 2007 gave back a large portion of the past 3 month increases in SW Florida.
Of course you can view many updated statistics in the SW Florida real estate market by visiting our Southwest Florida Housing Statistics page.