Sanibel real estate blog: Florida’s housing market continues a positive track in July

The Florida Realtors recently released July sales numbers and the housing market continues to gain momentum– we had more closed sales, more pending sales and higher median prices.

Here’s how it breaks down and how Lee County compares to the rest of the state:
FLORIDA: 21,238 single family closed sales ( up 20.9% from July 2012)

LEE: : 1005 single family closed sales (up 6.8% from July 2012)

FLORIDA: Median price $177,500 (up 18.7 from July 2012)  This is the 19th consecutive month of a median price increase!

LEE: $163,000 up 20.7% (up 20.7% from July 2012)

Mortgage rates are headed up – the interest rate for a 3o-year fixed rate mortgage averaged 4.37% in July 2-13- up from 3.55% average from the previous month.

Looks like it is time to get you piece of Florida real estate!

Give us a call to discuss Sanibel real estate or Fort Myers real estate- we would love to help you navigate the area markets. Chuck Andrews, RE/MAX of the Islands at 239-849-3396 and Kimberley Andrews, RE/MAX of the Islands, 239-935-9235.

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