The Bonita Springs real estate market for the month of March is strengthening. The buyer’s market continues, however, it weakening especially since last year.
HOMES:
Homes available for sale, as of March 31 – totaled 822. Of this total 103 were potential short sales, and 26 were foreclosures. This translates to 14.8 months of inventory (normal market is between 5 and 7 months) versus last year 26.3 months. This statistic most clearly reflects the higher level of sales activity of homes in the Bonita Springs area. [Read more...]