Below is a snapshot of July 2021 Southwest Florida Real Estate Market Report.
Closed Sales
Closed sales for the 12-month period ending July 31 were up 54.6% from the preceding 12-months. Year to date, closed sales posted a 58.6% increase over the same period last year.
Listing Inventory / New Listings
After several months of decline, the number of homes on the market stabilized in May and has since posted modest and steady increases. The 2,520 listings on the market as of July 31 were down 72.5% from the same date last year, and were up 11% since the end of May. Trends resulting in this increase slowly started to develop in recent months with a cooling of the feverish buyer activity that occurred early in the year and a greater than normal inflow of new listings.
Average Selling price
The average selling price for the 12-months through July 31 was $605,328, up 31.5% from the preceding 12-month period.
Summary
Our market continues to move in a positive direction. Demand, although having subsided somewhat from its previous intensity, remains strong. This, combined with favorable new listing activity, has stabilized listing inventory and provided more options for buyers. This is welcomed news for buyers who may have previously been reluctant to enter the market.
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