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Home sales up significantly in November from 2015

January 6, 2017
Cape Coral Daily Breeze

Home sales in Lee County took a big jump in November from the same month in 2015, but have barely changed since last month.

Closed sales for single-family homes were up 16 percent in November 2016 compared to 2015, while condo sales were up more than 11 percent. Sale prices saw a slight increase year-over-year as well.

The biggest jump in November was the number of active sistings for condos up more than 38 percent compared to the same time in 2015. Single Family Active Listings were up 14.4 percent in a year.

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Homes are sitting on the market for a slightly longer amount of time than last year: 4 days, or an 8.5 percent increase.

When looking at where the most property is selling, Sanibel/Captiva had the biggest jump year-over-year with a 112.5 percent increase. There were 17 single-family homes sold on those islands last month, compared to just 8 last year.

There continues to be a steady rise in how many homes are selling between $150,000 and $299,999. The current months supply of Inventory sits at 5.2 months, which is a 21 percent increase since 2015.Home sales up significantly in November from 2015



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