Home sales up again in June

Single-family home sales across the Greater Fort Myers area rose again in June for the sixth consecutive month, according to the statistics released by the REALTOR Association of Greater Fort Myers and the Beach, Inc. Sales of single-family homes rose by 53.2 percent on a year over year basis, with the number of closed sales at 717 compared to 468 last June.

While the median price of a singlefamily home dropped by 34 percent to $158,000 compared to $239,500 a year ago, buyers are getting solid value from the properties on the market. Pending sales are up 80.1 percent with 1379 single family homes pending compared to 762 in June 2007.

"Buyers are benefiting from an attractive selection of housing inventory from which to choose along with historically low interest rates. Sales demand in the Greater Fort Myers area is continuing to grow as housing prices return to a more affordable range," said Ron Carpenter, president of the REALTOR Association. "We are very pleased with the upward trend in home sales over the past six months and we're expecting that, as prices have become more reasonable, more buyers will realize that now really is a great time to buy a home."