Sat Oct 16 2021
This week the median list price for North Fort Myers, FL is $349,900 with the market action index hovering around 71. This is an increase over last month's market action index of 68. Inventory has decreased to 63.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$349,900|
|Median Price of New Listings||$225,000|
|Per Square Foot||$212|
|Average Days on Market||52|
|Median Days on Market||28|
|Strong Seller's Market|
While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$710,000||2,612||0.5 - 1 acre||3||2||22||0||2||63|
|$482,450||2,034||0.25 - 0.5 acre||3||2||41||4||5||14|
|$304,149||1,726||8,000 - 10,000 sqft||3||2||39||6||6||28|
|$182,450||1,065||6,500 - 8,000 sqft||2||2||51||7||8||21|