SW FLORIDA MARKET in JULY
Closed Sales: 1,772 (flat vs. last year)
KEY POINTS FOR SELLERS · Steady Demand: July’s 1,772 closed sales matched last year, showing well-priced homes continue to move. · Less Seller Competition: The summer months are often a missed opportunity for sellers, particularly this year, with competing new listings at their lowest July level in over a decade. · Favorable Market Conditions: Balanced supply and steady demand put more attention on homes that show well and are priced right.
· Tighter Inventory: Although there are plenty of good opportunities in the market, overall inventory has declined for each of the past four months. · Balanced Competition: Months of supply at 8.13 keeps the market steady without extreme bidding pressure. · Price Stability: Average sales price dipped slightly year-over-year.
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