If You Think the Housing Market is Asleep, You Haven't Been to Southwest Florida...#2

This past Friday 12/9/2011 Downing-Frye closed 3,000 real estate transaction for the year!

If you discount the two "crazy" real estate sales years - 2004 and 2005 - this will be the highest number of transactions in the company's history and that dates back to the 1980's.

What accounts for this given this economy? It's one word...price!

And the prices are what they are due to the overall real estate situation, the economy in general, and the high inventory of homes. The overall real estate situation nationwide, in general, in not changing much right now and neither is the economy. But, in southwest Florida the inventory of homes has plummeted from more than 12,000 in the summer of 2010 to just over 7,000 homes today.