The Naples News reports that single-family home re-sales in the Fort Myers area are up 120% for the first nine months of 2009 vs. the same period last year. In the January thru September period this year, 12,526 single-family homes were sold, up from 5,727 in the same period of 2008.
This dramatic increase in sales activity is putting a big dent in our inventory of available homes. Currently there are 6,809 single-family homes available in the MLS system, down from over 12, 000 in September of 2008.
Bank-owned properties are currently about half of the monthly sales, here is a resource to view available Fort Myers foreclosure listings.