Real Estate Market in Fort Myers, Florida – November 2023
Fort Myers, Florida Real Estate Market
The Fort Myers, Florida real estate market as of November 2023 displays varied trends, offering insights into the current state of housing in this popular Floridian city.
Current Market Statistics
- Median Home Prices: As of the week ending November 10, 2023, the median home price in Fort Myers was reported to be $185,100, while the median rent was $905. This indicates a relatively affordable housing market in comparison to many other regions.
- Single Family Homes: The market for single-family homes has shown considerable activity. In the past week, these homes sold for an average of $549,000, spending about 88 days on the market. The inventory experienced a 9% relisting, and the average price per square foot was $284.
- Condo/Townhomes: The condo and townhome segment also witnessed significant transactions. These properties sold for an average of $335,000 and spent 93 days on the market. The inventory for condo/townhomes saw an 8% relisting rate, with an average price per square foot of $246.
Market Dynamics
- Unemployment Rate: The unemployment rate in Fort Myers stood at 7.4% as of November 10, 2023, which can influence the real estate market dynamics, affecting both buying power and housing demand.
- Population Insights: With a population of 73,712 and a median age of 39.2 years, the demographic composition of Fort Myers can offer insights into housing needs and preferences.
Fort Myers real estate market
The Fort Myers real estate market in November 2023 shows a blend of affordable median home prices, active sales in different housing sectors, and a dynamic market influenced by local economic factors. These factors combined present a comprehensive picture for potential buyers, sellers, and investors in this Floridian city
Southwest Florida Homes for Sale
It's Nice to Share
Comment, Write a Blog Post, Create Groups, Get Seen!
Comments, Opinions and Facts Go Here...👇