"People don't buy houses in December" they say. Well, that's certainly not the case anymore! Interest rates remain low and more and more people who have considered purchasing a home before are now taking advantage of the historically low rates.
Both Millennials and Gen X generations are also preferring to buy their own home rather than to rent, as they experience a growth in income and mortgages become more affordable, owning a home seems to be the better option for many.
The United State Real Estate Market
According to NAR, all four regions experienced a growth in closed sales compared to December of 2018. The South led by an increase of 12.4%, the West came in second with a 10.7% increase, Midwest with 9.2% increase and lastly, the Northeast with 8.8% increase in closed sales.
Year over year, single family homes and condos also saw an increase in price country-wide at $276,900 and condos at $255,400.
Florida Real Estate Market
According to the FloridaRealtors.Org , Florida also had a great run in December of 2019.
The Media sales price also increased by 5.9% for single family homes at $270,000 and 8.1% increase for condos and townhouses at $200,000.
The average days on the market for the month of December 2019 was 39 days for single family homes and 48 days for condos and townhouses.
Inventory remains low, at a -11.4% with a 3.4 months supply of inventory for single family homes and down by -9.7% with a 5.2 months supply for condos.
Lee County Real Estate Market
Just as the state of Florida, Lee County Real estate market has grown tremedously! As snowbirds become full time residents and folks from all over the country decides to call Southwest Florida their home, the economy has really been booming for the entire area.
The increase in jobs and advancement in careers has helped the real estate market to continue stay strong and steady.
According the Royal Palm Coast Association of Realtors, year over year closed sales were up by 35.7% for single family homes and 50.6% for condos and townhouses.
Median sales prices continue to rise, this time with an increase of 0.7% for singe family homes at $262,000 and 0.1% for condos and townhouses at $246,000.
Average day on the market in Lee County was 58 days for single family homes and 69 days for condos and townhouses.
As far as inventory goes, the situation is no different in this region, single family home inventory is down again by -16.5% with a 4.6 months supply of inventory and condos and townhouses down by -21.2% with a 5.2 months supply of inventory.
Cape Coral saw the biggest year over year increase in single family home closed sales in December of 2019, with 40.4% increase and Fort Myers right behind it with 38.7% increase.
All cities experienced an increase with the exception of Pine Island that saw a decrease of -26.3%.
All information, data and rights reserved to NAR, Florida Realtors and Royal Palm Coast Association of Realtors.
Thanks for providing this review. I too used the 67 steps to make some realizations, change some behaviors, and change my life some by changing my business practices. Buying it agin for myself and my now adult kids!. Have an awesome day! Cool site… I will come back soon.
If you want to turn heads wherever you go, Top Gun Jackets by Top Gun Outfits are perfect for you. These jackets are made of high quality materials that make them comfortable and durable.
I also got my cranberry hibiscus at Echo in Ft. Myers over 13 years ago and I love that they still pop up in my yard. I've been trying to find the exact macros this plant provides to your diet but all I ever come up with is info on either the tea or the flowers. I use the leaves in my salads daily when its growing fresh in my yard. I do prefer the smaller leaves for salad. Any additional info you may have is appreciated!
Charlotte
Turn heads with our Cyberpunk Costume. Futuristic fashion meets timeless quality, making a statement that's ahead of its time. Explore now!
All these are a must have outfits for summer vacations. If you're looking to add a pop of color to your summer vacation outfits, the Beth Dutton pink coat is a fabulous choice. Its vibrant hue combined with its stylish design makes it a statement piece that can elevate any ensemble, whether you're heading to a fancy dinner or simply strolling along the beach. Don't be afraid to make a bold fashion statement this summer!
I think all these outfits are necessary for getting a good look.