July real estate stats slightly lag behind state, but cash deals dominate

As cash deals continue, the Lee and Charlotte County regions slightly lag the rest of the state in July real estate statistics, according to information released this week from the Florida Board of Realtors and local boards. Statewide, existing single-family houses sales were down 6.4 percent year-over-year, to 22,198, while existing condo-townhouse sales were down 9.4 percent, to 8,463. For Lee County and the Cape Coral Fort Myers area, closed sales were down 5.3 percent to 1,106, comparing July to July. Closed sales in the county so far for all of 2023 were down 14.6 percent, to 8,431. The median sales price in that metro area was $434,980, down just 1.1 percent for the year so far.