The Lee County housing market continued to favor sellers in November, with the average single-family home selling in 22 days for an average price of $536,680 — a 28% increase over a year ago, the Royal Palm Coast Realtor Association reports. The median home price for the area last month was $379,900 — an 18.7% jump from a year ago — and there were 4.5% fewer new listings compared to November 2020. First-time buyers were particularly hard hit over the past year, as the housing affordability index dropped 13.9% versus a year ago to the lowest levels seen in the area since early 2008, according to RPCRA. In the townhouse/condominium segment, it took 16 days to sell a property for an average sale price of $337,121. A year ago, townhomes and condominiums averaged $280,626 in Lee County and took 72 days to sell. Sellers received 99.3% of the asking price for all property types last month.
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