Southwest Florida Market Update

March 2026

March showed the biggest shift we have seen so far this year.

The median single family price came in at $359,790, down 4.7% year over year. Pending sales jumped to 1,700, up 31.8%, while closed sales reached 1,318, a 7.0% increase. Homes averaged 48 days on market, and months of supply dropped to 5.4, down from 7.4 in February.

The biggest change over the past three months is inventory tightening while buyer activity picks up. In January, months of supply was around 10.0. By March, it dropped to 5.4. That is a real shift.

What I’m seeing locally matches the numbers. Buyers are out there, and more homes are going under contract. They are still selective, but they are moving when the home is priced correctly.

For sellers, this is a better window than we had a few months ago. Prices are still lower than last year, but activity is stronger and inventory has tightened. If your goal is to sell and get as much as possible in today’s market, pricing and presentation matter right now.

For buyers, there are still options, but the market is not sitting still like it was. The better homes are starting to move faster.

The market is still selective, but it is moving.

Fort Myers

Fort Myers remained one of the more active markets in March. The median single family price came in at $460,000, up 2.2% year over year. Closed sales reached 300, while pending sales jumped to 387, up 32.5%. Homes averaged 48 days on market, and inventory sits at 1,399 homes, about 4.7 months of supply. Condos posted a median price of $255,000 with 269 closed sales and 334 pending contracts.

Cape Coral

Cape Coral had strong buyer activity in March. The median single family price came in at $365,000, down 3.9% year over year. Closed sales reached 516, while pending sales rose to 671, up 23.6%. Homes averaged 43 days on market, and inventory sits at 2,541 homes, about 4.9 months of supply. Condos posted a median price of $210,000 with 69 closed sales and 79 pending contracts.

Lehigh Acres

Lehigh Acres continued to move well because of affordability. The median single family price came in at $310,000, down 6.1% year over year. Closed sales reached 287, up 19.6%, while pending sales increased to 354, up 26.0%. Homes averaged 49 days on market, and inventory sits at 1,653 homes, about 5.8 months of supply. Condos posted a median price of $205,000 with 14 closed sales and 20 pending contracts.

North Fort Myers

North Fort Myers showed one of the stronger activity jumps. The median single family price came in at $320,700, down 15.6% year over year. Closed sales reached 86, up 32.3%, while pending sales increased to 107, up 55.1%. Homes averaged 49 days on market, and inventory sits at 356 homes, about 4.1 months of supply. Condos posted a median price of $193,000 with 21 closed sales and 25 pending contracts.

Fort Myers Beach

Fort Myers Beach is still a slower, higher price point market, but activity improved. The median single family price came in at $975,000, up 18.9% year over year. Closed sales reached 12, while pending sales came in at 14. Homes averaged 81 days on market, and inventory sits at 193 homes, about 16.1 months of supply. Condos posted a median price of $420,000 with 24 closed sales and 35 pending contracts.

Sanibel

 

Sanibel had a major jump in activity, though it is still a smaller sample size market. The median single family price came in at $1,400,000, up 0.5% year over year. Closed sales reached 31, and pending sales jumped to 51. Homes averaged 114 days on market, and inventory sits at 227 homes, about 7.3 months of supply. Condos posted a median price of $555,000 with 14 closed sales and 19 pending contracts.