Southwest Florida Overall Market Update
Across Southwest Florida, the median single family price was $354,900, with 783 closed sales and 1,378 pending sales. Homes averaged 59 days on market and inventory sits at 7,826 homes, about 10.0 months of supply. Condos posted a median price of $250,000 with 227 closed sales and 454 pending contracts, averaging 69 days on market.
Fort Myers
Fort Myers stayed active. The median single family price was $447,500. Closed sales came in at 182 and pending sales reached 312. Homes averaged 50 days on market and inventory is 1,577 homes, about 8.7 months of supply. Condos posted a median price of $260,000 with 138 closed sales and 281 pending contracts.
Cape Coral
Cape Coral saw a strong jump in buyer activity. The median single family price was $374,900. Closed sales totaled 295 and pending sales climbed to 536. Homes averaged 54 days on market and inventory is 2,672 homes, about 9.1 months of supply. Condos posted a median price of $200,000 with 43 closed sales and 71 pending contracts.
North Fort Myers
North Fort Myers picked up noticeably on the pending side. The median single family price was $315,000. Closed sales were 64 and pending sales came in at 126. Homes averaged 57 days on market and inventory is 576 homes, about 9.0 months of supply. Condos posted a median price of $157,000 with 7 closed sales and 20 pending contracts.
Lehigh Acres
Lehigh Acres stayed steady with improving demand. The median single family price was $307,450. Closed sales were 152 and pending sales reached 247. Homes averaged 63 days on market and inventory is 1,709 homes, about 11.2 months of supply. Condos posted a median price of $171,000 with 11 closed sales and 15 pending contracts.
Fort Myers Beach
Fort Myers Beach is still a smaller sample market month to month, but activity improved. The median single family price was $1,125,000 with 9 closed sales and 17 pending sales. Homes averaged 39 days on market and inventory is 222 homes, about 24.6 months of supply. Condos posted a median price of $480,000 with 15 closed sales and 34 pending contracts.
Sanibel –
Sanibel showed more movement in contracts. The median single family price was $1,002,000 with 14 closed sales and 32 pending sales. Homes averaged 82 days on market and inventory is 252 homes, about 18.0 months of supply. Condos posted a median price of $690,000 with 3 closed sales and 13 pending contracts, and supply remains high at 63.1 months