SOUTHWEST FLORIDA MARKET PERSPECTIVE
Southwest Florida recorded 1,707 closed sales in August, unchanged from last year. New listings dropped 9.3% to 2,425, continuing the year’s recent pattern of slower listing activity and stabilized sales. Active listings posted a fifth straight monthly decline, ending August at 13,196. Months of supply fell to 7.4 - down 23.2% since January - still within the region’s "balanced" six-to-twelve-month range.
It is important to consider that last season, inventory rose sharply in the fall through January. This year, the pattern could repeat, especially with unsold properties from last season likely to re-enter the market. That “shadow inventory” has the potential to push supply higher and influence today’s balanced conditions.
KEY POINTS FOR SELLERS
- Sales steady year-over-year, showing consistent demand.
- New listings down 9.3%, creating less competition.
- Inventory has fallen five months straight, increasing buyer traffic for homes that are priced with the market.
KEY POINTS FOR BUYERS
- Inventory still higher than past lows, giving more options.
- Sales leveling off, offering time to decide.
- Fall season means less competition than the peak winter and spring.
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Market conditions can vary significantly by location, property type, and price range. Navigating this landscape can be daunting, which is why the clarity and peace of mind provided by an experienced local Realtor® are invaluable.
Through August, John R. Wood Christie’s International Real Estate remains the top brokerage in Southwest Florida* in total year-to-date sales volume, listings sold, and overall transactions. This remarkable achievement is a direct result of the success of the company’s Realtors®, who consistently deliver outstanding results for buyers and sellers in today’s dynamic and complex market.
*Broker ranking according to SWFLA MLS for residential improved property excluding manufactured housing in Lee and Collier Counties.
