Florida Realtors, the state association representing Realtor groups across Florida, reports that home sales in the Ft. Myers-Cape Coral area decreased 6% year over year in August. There were 1,122 closed home sales last month compared to 1,193 during the same period last year.  The median price for a home sold in Lee County was $103,200 in August, a sharp rise from $88,400 one year ago.

The sale of condominiums continues to increase. There were 330 closed condo sales in the Ft. Myers-Cape Coral market last month compared to 312 in August 2010. The median pricew for a condominium has increased from $94,600 one year ago to $123,500 today.