Florida had the largest increase nationwide in median list prices for homes from August 2010 to August 2011, according to MLS data aggregated by Realtor.com. Fort Myers-Cape Coral had a 33 percent increase to $213,000; Miami had a 24.5 percent increase to $249,000; Naples increased 20 percent to $359,900 and Punta Gorda rose 13 percent to $169,900. Palm Beach County's median list price increased just 2.9% to $199,973. Palm Beach County had a 25 percent decrease in the number of listings during that same time period.
These significant changes are most likely due to the stoppage and subsequent slowdown of the foreclosure process. The numbers that will be most indicative of where the market is at won't be available until we can do a year-over-year comparison after October 2011, when it will have been a year since the banks temporarily halted foreclosures.
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