In this in-depth analysis, we dive into the Florida real estate market, which is currently at a crossroads. We focus on two counties – Collier and Lee – and examine the latest market data from March 2023. Discover how year-over-year changes are impacting home sales, median sold prices, days on the market, new listings, pending inventory, and the overall dollar volume. With Collier County experiencing a 20% decrease in sales and Lee County seeing a 16% drop, what does this mean for the future of Florida’s real estate market? Watch now to find out!
📊 March 2023 Data Breakdown:
Collier County:
SOLD: 525 (-20% YOY)
MEDIAN SOLD PRICE: $821,000 (4% YOY)
DAYS ON MARKET: 43 Days (169% YOY)
NEW LISTINGS: 669 (-23% YOY)
PENDING INVENTORY: 889 (-24% YOY)
MONTHS SUPPLY: 4.9 (206% YOY)
DOLLAR VOLUME: $701.0 M (-26% YOY)
Lee County:
SOLD: 1,393 (-16% YOY)
MEDIAN SOLD PRICE: $437,000 (2% YOY)
DAYS ON MARKET: 33 Days (200% YOY)
NEW LISTINGS: 2,059 (4% YOY)
PENDING INVENTORY: 2,239 (-24% YOY)
MONTHS SUPPLY: 3.7 (236% YOY)
DOLLAR VOLUME: $824.6 M (-18% YOY)
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If you are considering selling and want to get an idea of what your Florida home is worth, send an email to info@gulfpointeproperties.com. If you’re looking to purchase in the area, you can get a jumpstart by filling out your home wish list here: https://forms.gle/B91pjBStQbEnUCBPA
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Brad Dohack, Broker/Owner at Gulf Pointe Properties, Team Lead
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📲 Email: info@gulfpointeproperties.com
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