Industry NewsMarkets & Economy

Sunshine for Florida real estate?

Slashed prices lead to sales boom
Published on Aug 13, 2009

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by CareyBot

While the median resale home price in the Fort Myers, Fla., area has been sawed in half in the past year, according to industry data, real estate professionals say they are seeing a sales boom that may hoist the market from the doldrums.

On Thursday, the National Association of Realtors reported that the median price of previously owned single-family homes in the Cape Coral-Fort Myers metro area in Southwest Florida flew down 52.8 percent in one year, from $178,100 in second-quarter 2008 to $84,000 in second-quarter 2009.

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