Sales of existing single family homes were up 101% above the prior year with 1,451 existing single-family homes sold, compared to 719 in May '08.

Year to date, 66% of all single family homes sold listed in the MLS were bank-owned; of these 64% were cash deals.

At the end of May, there were 7,477 active listings of existing single-family residential properties compared to 11,634 a year ago (a decline of 33.7%) and the active listings were down 13.7% versus the prior month.

Remember that history has shown that real estate is always a good long term investment, it provides security and a place to live for your family, reflects your lifestyle and taste, and gives you roots in your community.

People are always moving due to job changes, family downsizing or growth, people look for vaction homes, investment properties, etc.

It's a great time to buy and sell property in Southwest Florida. Contact me for a complimentary consultation.

source of stats: REALTOR Assoc. of Greater Fort Myers & Beach