Real estate inventory in October on Marco Island increased 37% compared to October 2021, according to data from the Marco Island Area Association of Realtors. While there were 320 pieces of inventory during the month, there were 47 closings, a 45% decrease from October 2021. Single-family homes spent an average of 52 days on the market with 18 selling and a median sale price of $1.8 million. A total of 27 condominiums were sold, representing a 34% drop from October 2021, with a median sale price of $585,000.
On April 8, FEMA announced a 30-day pause on the decision for the five communities to gather requested documentation and...
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