The Ellis Team SW Florida Current Market Index improved slightly for single family homes this past month, which is a good sign heading into season. The condo index fell slightly.  Listing inventory increased in both single family homes and condos in southwest florida, as did pending  sales for single family homes, which caused the index to improve..  In fact, pending sales climbed at  greater rate than what we’ve been seeing in past months.

Buyer activity has increased, and demand for our Southwest Florida short sale seminar is growing as well.  If you’d like to attend our next free SW Florida short sale seminar, please call our office to register.  We teach first time home buyers. move-up buyers, and investors how to consistently buy properties at or below today’s fair market value, and educate consumers about the local SW Florida real estate market.

The CMI Index actually fell in Cape Coral Florida where most people believe the worst of the inventory crisis is.  The CMI illustrates that while inventory has grown in Cape COral, pending sales have kept up and are holding their own.   In fact, the CMI Index in Cape Coral is only 14.63  In Fort Myers, the Index is 19.83

The higher the CMI Index, the more supply we have relative to demand.