Overall SWFL April Market Summary

April continued to show signs of a market that is stabilizing and becoming more active across Southwest Florida.

The median single family home price came in at $365,000, down just 1.4% year over year. Closed sales increased to 1,372, up 9.2%, while pending sales climbed to 1,453, up 15.9%. Homes averaged 50 days on market, and months of supply dropped to 5.1, down from 6.9 last year.

That inventory drop is one of the biggest changes we’ve seen over the past few months.

What I’m seeing locally matches the numbers. Buyers are out there again, and homes that are priced correctly are getting attention. It is still a selective market, but it no longer feels like everything is just sitting.

For sellers, this is a much healthier market than we had earlier in the year. Inventory is tightening, activity is improving, and serious buyers are still looking.

For buyers, there are still opportunities and negotiating room, but the better homes are starting to move quicker than they were a few months ago.

 

The overall feel of the market right now is more balanced, more active, and heading in a stronger direction going into summer.

Fort Myers

Fort Myers stayed steady in April. The median single family price came in at $460,000, up 0.2% year over year. Closed sales reached 307, while pending sales came in at 327, up 23.4%. Homes averaged 47 days on market, and inventory sits at 1,341 homes, about 4.4 months of supply. Condos posted a median price of $245,750 with 294 closed sales and 305 pending contracts.

Cape Coral

Cape Coral continued to show strong activity in April. The median single family price came in at $380,000, up 1.3% year over year. Closed sales reached 546, while pending sales came in at 574, up 18.6%. Homes averaged 46 days on market, and inventory sits at 2,538 homes, about 4.6 months of supply. Condos posted a median price of $215,000 with 69 closed sales and 66 pending contracts.

Lehigh Acres

Lehigh Acres remained active because of affordability. The median single family price came in at $312,000, down 4.0% year over year. Closed sales reached 290, while pending sales came in at 318. Homes averaged 53 days on market, and inventory sits at 1,629 homes, about 5.6 months of supply. Condos posted a median price of $210,000 with 15 closed sales and 17 pending contracts.

North Fort Myers

North Fort Myers continued to move well in April. The median single family price came in at $350,000, up 3.9% year over year. Closed sales reached 83, while pending sales came in at 94, up 32.4%. Homes averaged 51 days on market, and inventory sits at 348 homes, about 4.2 months of supply. Condos posted a median price of $213,000 with 15 closed sales and 23 pending contracts.

Fort Myers Beach

Fort Myers Beach is still a slower, higher price point market, but activity is improving. The median single family price came in at $1,075,000, up 21.1% year over year. Closed sales reached 13, while pending sales came in at 12. Homes averaged 74 days on market, and inventory sits at 189 homes, about 14.5 months of supply. Condos posted a median price of $425,000 with 27 closed sales and 22 pending contracts.

Sanibel

 

Sanibel had solid movement in April, especially compared to last year. The median single family price came in at $964,000, down 10.3% year over year. Closed sales reached 32, while pending sales came in at 33, up 106.3%. Homes averaged 104 days on market, and inventory sits at 215 homes, about 6.7 months of supply. Condos posted a median price of $702,500 with 18 closed sales and 20 pending contracts.