The SW Florida real estate market has been hot and cold, up and down. The first few weeks of March were hot, the second half was not. Recent trends show the Lee County housing market is gaining strength, but don’t look for prices to pick-up anytime soon as we still have high inventory levels.
We expect 2007 to be a gradual strengthening market, and by strength we mean inventory leveling off and home sales picking up from 1st quarter 2007 levels.