February Market Report – Bonita and Estero

housing market increaseThe February market report released by the Bonita Springs-Estero Association of REALTORS® (B.E.A.R.) showed generally positive results in the single-family market. Closed sale units (69) increased slightly compared with January 2015, but decreased slightly 1.4 percent year over year. The average sale price ($505,380) increased year over year by a significant 25.8 percent. The median days on market (45) continued to decrease year over year, with a drop of 32.8 percent compared with February 2014. Pending inventory also decreased by 8.7 percent year over year, as did inventory (active listings) by 13.2 percent. Click HERE to view full report.