And Market Report for SWFL
More sales closed in November of 2020 than during any other November on record. 2,875 sales were posted, up 49.8% from the same month last year. This brings year-to-date sales to 28,100, up 13.7% from the same period in 2019 and surpassing the total number of sales posted for all of last year. For the twelve-month period through November 30, 30,489 sales were posted, up 15.2% from the preceding twelve-month period.
Although year-over-year new listings were up 13.4% June through September, the rapid pace of sales during that period continued to deplete listing inventory. For October and November, year-over-year new listings were down by 16%. This, combined with continued robust sales, brought inventory down by 10% over that two month timeframe. As of November 30th, there were 7,099 units on the market with 2.79 months of supply.
We head into season with sales occurring at a record pace, and a shortage of listing inventory. Sellers are clearly in a strong position, and would-be sellers who are considering entering the market should take heed to the current unprecedented market conditions.
1185 Immokalee Rd, Ste. #110
Naples, FL 34110