Property listings dropped, sales jumped and prices increased in Lee County in January compared to the same period in 2020.
The month started off strong for the housing market, with healthy buyer demand and strong market fundamentals, according to figures released by the Royal Palm Coast Realtor Association.
A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units, the association reported.
New listings in January decreased 22% for single-family homes and 17.3% for townhouse/condominium homes.
Pending sales in Lee County increased 157.2% for single-family homes and 171.7% for the townhouse/condo category. Inventory decreased 70.3% for single-family homes and 57.9% for townhouse/condo units.
Median sales price increased 25.8% to $389,900 for single-family homes and 15.2% to $265,000 for townhouse/condo properties. Days-on-market decreased 32.9% for single-family homes and 11.1% for townhouse/condo homes.
Months’ supply of inventory decreased from 5.5 to 1.3 — down 77.4 percent for single-family homes and 68.1 percent for townhouse/condo homes.
Comprising a membership of more than 8,000 Realtors, RPCRA serves as a resource for professional development and an advocate in community issues affecting members, their customers and property owners’ rights. RPCRA serves Southwest Florida, with offices in Cape Coral and Fort Myers. For more information, visit www.rpcra.org. ¦
Recent Comments