Lee County (FL) home sales, prices surge
By DICK HOGAN • dhogan@news-press.com • April 22, 2010
The number of existing single-family homes sold in Lee County in March increased 9 percent from a year earlier to 1,603 while the median price was up 7 percent to $95,100, according to statistics released today by the Florida Association of Realtors.
Sales and prices were also up from February, when 1,261 homes were sold with a median price of $$88,000.
The report includes homes sold with the assistance of a Realtor.
In a separate report today, the National Association of Realtors issued a report stating that sales of existing homes increased more than expected in March after three straight months of declines as the housing market benefited from government incentives that drew in buyers.
Purchases jumped 6.8 percent to a seasonally adjusted annual rate of 5.35 million last month, the highest level since December. The median sales price was $170,700, nearly unchanged from a year earlier.
Some economists expect healthy sales to continue, but caution that a clearer picture of the housing market will emerge after federal tax credits expire at the end of this month.
“The spring selling season will be a success and probably the most active we’re seen in years,” said Stuart Hoffman, chief economist at PNC Financial Services Group. |
