Market Report

Southwest Florida Market Perspective: 

In May, the real estate market in Southwest Florida saw some significant shifts. Closed sales totaled 2,228, marking a 14% decrease compared to May of last year.

New listings also dropped, with 2,838 posted—a 15% decline year-over-year. Interestingly, this was the lowest number of new listings in May for over a decade, although the pace of new listings is beginning to align with historical trends.

Active inventory has decreased for two consecutive months, ending May with 17,488 listings. This decline has reduced the months of supply from 10.65 at the end of April to 9.88 by the end of May. Typically, a balanced market in Southwest Florida is considered to have a supply ranging between 6 to 12 months.

Key Points for Sellers

Less Competition: With a 15% year-over-year drop in new listings, sellers are facing less competition. This benefits well-positioned homes, making them stand out more.

Shrinking Inventory: The decline in active listings over the past two months could create a sense of urgency among buyers, especially for highly desirable properties.

Balanced Market: With 9.88 months of supply, the market remains balanced. Sellers can expect reasonable interest and activity for homes priced appropriately.

Key Points for Buyers

Limited Choices, Good Opportunities: With less inventory and fewer new listings, buyers may need to act quickly when they find the right home.

Fair Negotiation Conditions: The balanced market conditions mean buyers can negotiate effectively without the pressure of bidding wars.

Predictable Supply: The consistent supply offers buyers clearer expectations regarding pricing and availability.

Market conditions can vary widely depending on location, property type, and price range. Navigating these complexities can be challenging, which is why having the expertise of a local Realtor® can provide clarity and peace of mind.

Through May, John R. Wood Christie’s International Real Estate remains the top brokerage in Southwest Florida* in total year-to-date sales volume, listings sold, and overall transactions. This remarkable achievement is a direct result of the success of the company’s Realtors®, who consistently deliver outstanding results for buyers and sellers in today’s dynamic and complex market.