Ft. Myers/Cape Coral named Trulia 2nd Hottest Real Estate Market to Watch

swfl-real-estate

Good news for home buyers and sellers in Southwest Florida.  The website Trulia.com is naming Fort Myers and Cape Coral the second-hottest real estate market to watch in 2017.

The site factors in weather, job growth in the area, and vacancy rates over the past year.

Real estate experts say right now, we are in a sellers market, because we don’t have a large inventory.  But that isn’t to say the market isn’t good for buyers too.  Experts say that it’s really good for both because they still feel that houses are going to continually go up in price.

Right now the Fort Myers and Cape Coral regions have between 4 and 6 months of inventory, depending on the neighborhood, which is a normal inventory.

Experts say just 5 years ago the area was averaging about 18 months of inventory, making it a tough market for everyone. Since then the area has seen a lot of growth in the past few years, something realtors believe is here to stay.

To learn more about the SWFL real estate market, contact an experienced member of the 9 Core Realty team.

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