Southwest Florida Market Perspective:
Following four consecutive months of contracting listing inventory, the number of listings on the market began its usual seasonal ascent in September with an increase of 234 units, a 2% uptick and welcomed news for buyers seeking additional options. Months of supply remain in balance at 6.28 as of September 30, up from 6.06 in August. Although the pace at which new listings have been entering the market has increased year-over-year, new listings still trail behind longer-term historical trends. Closed sales, although occurring at a pace that continues to maintain a balance between supply and demand, are continuing to occur at a historically slow pace. At $814,243, the 12-month rolling average sale price through September 30th continues to trend upward, although modestly, with a 1.7% increase compared to the preceding 12 months. For sellers, listing ahead of the seasonal influx of new listings that usually occurs in late December and early January can be a good strategy to gain attention while there’s less competition on the market. For buyers, one never knows when the right home will become available, and enlisting the services of a professional Realtor® will ensure you are in the strongest possible position to recognize the right home and proceed with confidence.
Through September, John R. Wood Christie’s International Real Estate continues to rank as the top brokerage in total year-to-date sales volume and transactions in Southwest Florida!*
Broker ranking according to SWFLA MLS for residential improved property excluding manufactured housing in Lee and Collier Counties.
Click on either of the links below to view the September 2024 Market Report.
September Southwest Florida Market Report – flipbook
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September Southwest Florida Market Report - for print
