Click the link below for the full detailed report. Should you have any questions, please don't hesitate to ask!
Our market report provides an in depth analysis of how the SWFL Real Estate market is doing. We share our market perspective and the details on inventory, pricing and trends.
The Southwest Florida real estate market faced a decline in closed sales for 2024, finishing 9% lower than the previous year. Much of the shortfall took place in the latter half of the year and was influenced by economic conditions such as interest rates, inflation, and the election year impact on consumer confidence.
The total number of closed sales for the month of December was static with the preceding year at 1,608, an encouraging sign moving into the winter selling season. However, December's closed sales remained steady compared to the prior year, indicating potential stability as the winter selling season approaches. New listings have increased, aligning more closely with historical averages before the pandemic, suggesting a return to a balanced market. With a significant rise in available properties, the market is showing signs of equilibrium, defined by the 8.29 months of supply at the end of 2024. In Southwest Florida, six to twelve months is considered a balanced market.
Seasonal demand plays a significant role in our market, particularly during the winter months when the population swells with seasonal residents and tourists. This influx often leads to increased competition for properties, driving up demand and potentially influencing pricing. Additionally, buyers are typically more active in the winter, seeking homes for personal use or investment before the peak tourist season ends. Understanding these seasonal patterns can help both buyers and sellers optimize their strategies in the market.
Navigating this complex market can be challenging, and the expertise of an experienced local Realtor® is invaluable. If you're considering entering the market, we invite you to set up a consultation to discuss your options and receive personalized insights tailored to your needs.
We are pleased to announce that, for 2024, John R. Wood Christie’s International Real Estate, once again, was the top brokerage in total sales volume, listings sold, and transactions in Southwest Florida!
Click the link below for the full detailed report. Should you have any questions, please don't hesitate to ask!
We bring together a mix of integrity, imagination and an inexhaustible work ethic, striving to make each buying and selling experience the best possible.