July 2021 Southwest Florida Real Estate Outlook
August 13, 2021 | Blog
Southwest Florida continues to be one of the hottest housing markets in the state. The latest reports show there’s no lack of listings… they’re just going fast.
In July, new listings in Lee County increased 5.1 percent in the single-family home category compared to July 2020.
Median sale price in Southwest Florida increased to $365,000 for single-family homes and to $245,000 for townhouse/condo homes versus a year ago. Days on Market decreased 72.9 percent for single-family and 71.8 percent for townhouses and condos.
Another key metric for the local housing market – months’ supply of inventory. The supply of housing inventory stood at 0.8 months at the end of July in the single-family category and 0.5 months for townhouses and condos.
Here’s a look at the latest market activity in our area in the past 7 days:
- 596 New Listings
- 729 Sold
- 931 Pending
- 100 Price Increase
- 265 Price Decrease