October brought another steady month across Southwest Florida. Prices held firm, more buyers wrote contracts, and inventory continued to build as we head toward season. Across Lee County, the median price for single family homes increased to 364,900. Closed sales were up almost 19 percent from last year and pending contracts rose more than 54 percent, showing strong buyer activity even with higher inventory. Homes averaged 57 days on the market and sellers received about 91 percent of their original asking price.

Here is a quick breakdown of how each major area performed.

Cape Coral

Cape Coral had a solid month with the median single family price rising to 372,500. Closed sales increased to 420, which is up 17.6 percent from last year. Pending sales reached 442, a gain of 67.4 percent year over year. Homes took an average of 57 days to sell and inventory finished the month at 2,501 active listings, giving the city roughly six months of supply. Condo prices averaged 192,500 with 32 closed sales, 39 pending contracts, and 384 condos on the market.

Fort Myers

Fort Myers stood out as one of the busiest markets. The median single family price climbed to $450,750. Closed sales rose to 226, a 26.3 percent jump from last year, while pending sales increased to 285, up more than 63 percent. Homes averaged 43 days on market and inventory moved to 1,477 homes, which equals about 6.5 months of supply. Condos posted a median price of $252,000 with 151 closed sales and 181 pending contracts.

Fort Myers Beach

Fort Myers Beach continued operating like a luxury market with slower turnover but notable activity. The median single family price came in at 814,000. There were 8 closed sales, up from 2 last year, and 7 pending contracts, a 16 percent increase. Homes averaged 218 days on market and active inventory reached 194 homes, or around 24 months of supply. In the condo market, the median price was $388,750, with 8 closed sales, 15 pending contracts, and 247 condos for sale.

Lehigh Acres

Lehigh Acres remained attractive for buyers looking for affordability. The median single family price was $316,900. Closed sales reached 207, which is 23 percent higher than last October, while pending sales climbed to 228, up almost 40 percent year over year. Homes averaged 59 days on market and inventory increased to 1,601 homes, giving the area about 7.7 months of supply. Condo prices averaged 174,950 with 6 closed sales and 15 pending sales.

North Fort Myers

North Fort Myers stayed steady in October. The median single family price was 299,999. Closed sales totaled 75, slightly higher than last year, while pending sales rose to 80, an 11 percent increase. Homes averaged 95 days on the market and inventory finished at 555 homes, which works out to about 7.4 months of supply. Condo prices averaged 122,500 with 14 closed sales, 11 pending contracts, and 162 condos available.

Sanibel

Sanibel continued to adjust as more homes and condos return to the market. The median single family price was 800,000 in October. Closed sales increased to 11, almost triple last year, and pending contracts reached 17, up 240 percent. Homes averaged 114 days on market and inventory climbed to 166 homes, giving Sanibel roughly 15 months of supply. Condos posted a median price of 689,500 with 8 closed sales, 9 pending contracts, and 139 active listings.

What this means for buyers and sellers

The market across Southwest Florida is stable with strong buyer activity, rising inventory, and steady pricing. Homes that are priced correctly are selling, and more buyers are stepping back in as season approaches. Sellers still need to be mindful of competition, and buyers have more freedom to shop without rushing.

 

If you want a local breakdown for your neighborhood or want to know what your home could sell for today, I can put that together anytime.