Fort Myers, FL housing market

Fort Myers homes are taking nearly three months to sell, and that tells you almost everything about this market right now. The typical home value is about three hundred four thousand dollars, down roughly 7 percent from a year ago. Meanwhile sellers are still aiming high, with a median list price around three hundred forty-seven thousand dollars, well above where values actually sit. There are about two thousand nine hundred homes for sale, and only about 500 new listings came on this month, yet inventory stays heavy because buyers are in no hurry. One in five listings has already cut its price. Put it together and the pattern is clear. Homes priced for last year's market are sitting, then cutting, then sitting again. If you are selling in Fort Myers, price to where buyers are today, not where they were. A realistic number from day one beats chasing the market down for three months.