The real estate market in Fort Myers and Lee County has been a hot topic among investors, homebuyers, and sellers. With increasing home prices and a competitive market, understanding the current market trends and predictions is essential for making informed decisions about buying or selling properties. The Fort Myers housing market is somewhat competitive, with homes selling in around 22 days, while Lee County offers a diverse range of properties with affordable options. Both areas are expected to experience growth and development in the coming years, making them attractive destinations for those seeking a new home or investment property. This article provides an overview of the average home prices, competition, inventory of homes for sale, real estate market predictions, and the impact of Airbnb on the Fort Myers housing market.
Monthly Archives: February 2023
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Mortgage rates are currently low, making it an ideal time for potential buyers to enter the housing market. However, with competition on the rise and inventory expected to increase over the next few months, it's important to act fast. A well-priced, move-in ready home is the most attractive to buyers and could result in bidding wars. On the other hand, sellers can benefit from the current housing market strength, as the pool of buyers may be larger than anticipated. With prices still higher than last year and increasing competition, sellers can receive a good value for their home. Whether buying or selling, Redfin offers a range of services and resources to help individuals achieve their real estate goals.