March Monthly Real Estate Market Report

Jodee Bennett, SWFL Real Estate, John R. Wood Properties

Monthly Market Report

Southwest Florida

With 27,816 properties sold, sales were up 8.9% over the preceding 12-month period when 25,543 properties were sold. New listings were down 8%, from 43,682 to 40,200. The average sales price, at $447,939, was static. As of March 1, 2020, inventory stood at 12,493 units while months of supply was 5.39 months.

Bonita-Estero

With 3,242 properties sold, sales were up 5.4% over the preceding 12-month period when 3,076 properties were sold. New listings were down 12.4%, from 4,900 to 4,295. The average sales price, at $410,379, was static. As of March 1, 2020, inventory stood at 1,477 units while months of supply was 5.47 months.

Cape Coral

With 6,241 properties sold, sales were up 9.1% over the preceding 12-month period when 5,721 properties were sold. New listings were down 4.8%, from 8,773 to 8,352. The average sales price, at $285,208, was up 4% from $274,262. As of March 1, 2020, inventory stood at 1,934 units while months of supply was 3.72 months.

Fort Myers Beach

With 425 properties sold, sales were static with preceding 12-month period. New listings were down 2.8%, from 704 to 684. The average sales price, at $554,965, was up 8.4% from $512,033. As of March 1, 2020, inventory stood at 289 units while months of supply was 8.16 months.

Fort Myers

With 6,114 properties sold, sales were up 8.2% over the preceding 12-month period when 5,652 properties were sold. New listings were down 11.6%, from 11,353 to 10,039. The average sales price, at $278,887, was up 1.6% from $274,530. As of March 1, 2020, inventory stood at 2,137 units while months of supply was 4.19 months.

Naples

With 10,502 properties sold, sales were up 10.7% over the preceding 12-month period when 9,485 properties were sold. New listings were down 6.2%, from 15,771 to 14,801. The average sales price, at $607,370, was down 1.8% from $618,708. As of March 1, 2020, inventory stood at 5,538 units while months of supply was 6.33 months.

Marco Island

With 865 properties sold, sales were up 9.5% over the preceding 12-month period when 790 properties were sold. New listings were down 10.1%, from 1,469 to 1,320. The average sales price, at $733,958, was down 8.8% from $804,997. As of March 1, 2020, inventory stood at 639 units while months of supply was 8.86 months.

Sanibel-Captiva

With 427 properties sold, sales were up 7.8% over the preceding 12-month period when 396 properties were sold. New listings were static. The average sales price, at $924,765, was down 7.5% from $1,000,067. As of March 1, 2020, inventory stood at 479 units while months of supply was 13.5 months.

If you are looking to sell or buy a property, contact Jodee and her network of elite professionals at 239.631.2561 or email jbennett@johnrwood.com.