July 2024 Southwest Florida Real Estate Market Report

The July 2024 Monthly Market Report for Southwest Florida highlights a dynamic real estate market, with a total of 23,372 properties sold, reflecting a slight decline of 3.20% compared to the previous year. New listings surged by 18.84%, reaching 39,273, while the average sales price increased by 2.09% to $814,386. Inventory levels rose significantly by 61.56%, with a months-of-supply standing at 6.26 months, indicating a more balanced market. The report provides a detailed overview of the real estate activity across various regions in Southwest Florida, including Naples, Marco Island, Bonita-Estero, and Fort Myers, offering insights into current trends and future expectations in the area's housing market.