Fort Myers is the most overvalued housing market in Florida and ranked 11th in the country, according to the monthly Beracha and Johnson Housing Market Ranking from Florida Atlantic University. The list is based on their degree of overpricing and underpricing using open-source housing price indices. Fort Myers homes are being purchased at a nearly 51% premium, putting the market ahead of Lakeland, Tampa, Melbourne and the North Port-Sarasota-Bradenton area in the state and behind Charlotte, North Carolina; Salt Lake City and Provo, Utah; in the country’s rankings.