🏠📉In this episode of Florida Real Estate Trends, we’re tackling some significant changes happening in the Sunshine State’s property market. With Collier and Lee county’s real estate statistics revealing some surprising results, it seems Florida real estate prices are sliding in most segments. But there’s one exception!
🔎We’ll be digging into the recent year-on-year changes for Collier and Lee counties. We’ll examine the numbers of homes sold, median sold prices, days on market, new listings, pending inventory, months of supply, and the total dollar volume of the market.
💡Here’s a snapshot of what we’re discussing:
🔹 Homes sold in Collier are down by 18%, while in Lee, they are down by 10%.
🔹 The median sold price in both counties has also decreased by 5%.
🔹 Homes are taking much longer to sell – 45 days in Collier (a 200% increase) and 30 days in Lee (a 173% increase).
🔹 New listings in Collier have plummeted by 31%, and Lee isn’t far behind with a drop of 14%.
🔹 Pending inventory is down 12% in Collier and 19% in Lee.
🔹 There’s also a significant increase in the supply of homes, with Collier up by 100% and Lee by 135%.
🔹 The total dollar volume has dropped by 16% in both markets.
👀But wait! It’s not all doom and gloom. In the midst of all this, there’s ONE segment of the Florida real estate market that’s bucking the trend. Want to know which one it is? You’ll have to watch the video to find out!
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
📲 Thank you for your support! We have so many people contacting us who are moving here to Naples & Fort Myers, and we ABSOLUTELY love it! If you are moving or relocating here to Southwest Florida, my team and I can make that transition so much easier on you.
Reach out…we’re here for you!
Brad Dohack, Broker/Owner at Gulf Pointe Properties, Team Lead
📲 Call/Text Direct at (239) 734-7723
📲 Email: info@gulfpointeproperties.com
👨💻 Website: https://www.homesearchinswflorida.com/
