Sanibel Real Estate Blog: Irma Not Good for Sales

Hurricane Irma, which made landfall in the Keys on Sept. 10 and continued up the state’s west coast, affected Florida’s housing market data in September, according to the latest housing data released by Florida Realtors┬«. Fewer sales, pending sales and new listings were reported, though median prices rose as a still-tight inventory of for-sale homes remained the norm in many areas. Sales of single-family homes statewide totaled 18,030 last month, down 20.4 percent compared to September 2016.

IN Lee County, pending sales were down 48% in September, but as we move through October it sure seems to be picking up! The phone is ringing and showings are happening.

If you have an interest in checking out Sanibel Real estate after this storm, give us a call or check out our website at www.chuckandrews.com.

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