Blog :: 07-2015

Sales and Prices Rise as Inventory Shrinks

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Prices Rise as Inventory Shrinks

Rising prices and shrinking inventory couldn't cool home sales in Southwest Florida last month.

Sales of residential real estate in June maintained what could be another record-setting pace, with deals rivaling the numbers put up during the pre-recession boom, according to data released [...]

Cash buyers still dominate housing market

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Cash Buyers

Cash on the table remains the preferred method of payment for home buyers in Southwest Florida.

Florida ranked second in the U.S. with 47.6 percent of all-cash sales, second to New Jersey's 48 percent.

Naples-Marco Island led the nation with 56 percent of cash sales, while Miami was third at 53.4 percent, Ocala fourth at 49.9 [...]

Economists Predict Rising Housing Sales -- Prices

Rising Housing Sales

Southwest Florida is among a growing number of metropolitan areas where the cost of housing -- both to rent or buy -- is approaching record highs.

A strong turnaround in home sales and a suppressed stock of real estate listings has lifted prices to their highest level since the boom of the mid-2000s, while rents are [...]