What Does The Real Estate Market Look Like In
Lee County Florida?
When we compare current activity to 1 year ago we see this:
Closed Sales of Single Family Homes dropped 6.7%
If we look at this drop in sales closer we will find:
Single Family Homes under $50,000 dropped 52.2%
Single Family Homes $50,000-99,000 dropped 35.8%
Single Family Homes $100,000-149,999 dropped 27.7%
The reason these 3 price points dropped so sharply is that so many Buyers and Investors were purchasing properties in this price range that the inventory decreased dramatically and homes were not available to buy.
The Median Sales Price y/y went up from $195,500 to $227,000 which is an increase of 16.1%
Lee County Real Estate is moving up but the Inventory is low.
Inventory is now at 4.4 months supply of homes.
This is a Seller's Market and we are now in Season with all the Snowbirds in town.
Now is a good time to Sell a house in Lee County.
It is also a good time to Buy as prices continue to rise, so waiting could be a costly decision.
And that is the Lee County Real Estate Market Report.
The numbers reported represent sales by all members of Florida Realtors®MLS Advantage for Lee County,FL.Statistics released each month may be revised in the future as new data is released.