According to the Realtor Association of Greater Fort Myers and the Beach, Inc., April homes sales were up 105.5 percent year to year with 1,406 existing single-family homes sold, compared to 684 in April 2008. Pending sales improved 60.2 percent year to year, with 2,368 single-family homes pending versus 1,478 a year ago.

Of significance is the drop in the number of single-family homes listed on the MLS (at the end of April, there were 8,665 active listings of existing single-family residential properties compared to 12,324 a year ago, a decline of 29.7 percent). The supply of single-family homes shrunk to 3.7 months, which is less than half of what it was a year ago, when the supply was 8.3 months.

The association reported the median price continues to be affected due to the abundance of REO properties in the market – in April, REOs represented 65.9 percent of all single-family homes sold in Lee County and overall, the median price of existing single-family homes was $80,000. Interesting is that the many of these properties are selling for more than the list price.

The public is encouraged to visit www.FloridaGulfcoastHomesLive.com, the Association’s website for searching our comprehensive database of available properties in Southwest Florida by geographic location, price range or both.

The Realtor Association of Greater Fort Myers and the Beach Inc. is a member-based organization founded 84 years ago.