Lee County home sales

Hurricane disruptions impact market

November existing home sales in Lee County bounced back after an October that was tremendously impacted by Hurricane Wilma.

In Lee County for the month of November, 810 existing homes were sold at a median price of $295,400. October figures were impacted by Hurricane Wilma as 264 homes were sold at a median price of $322,000. Some of the November sales should be attributed to October as many of the title companies were shut down and unable to process closings in the latter part of October.

There does appear to be a significant decrease in the number of buyers actively shopping the market. Figures from Sarasota and Manatee Counties for November reflect a 39% decrease in existing home sales for the month of November as compared to November 2004.

Home sales bounce back [News-Press]
Local home sales plummet in November [Bradenton Herald]
House sales are slowing down as inventories rise [Herald-Tribune]

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