May 2024 Southwest Florida Real Estate Market Report

The May 2024 Monthly Market Report for Southwest Florida indicates a dynamic real estate environment with varying trends across different regions. Overall, the market saw a slight decline in sales, with 23,736 properties sold, down 4.01% from the previous year. However, new listings increased significantly by 16.33% to 39,402, and inventory levels rose sharply by 78.34%, leading to a 6.88-month supply, reflecting a more balanced market. The average sales price increased by 2.68% to $815,827, showing continued demand for properties despite market fluctuations. The report provides detailed insights into specific areas, including Naples, Marco Island, Bonita Springs-Estero, and Fort Myers, each with unique market conditions and trends, offering valuable information for buyers, sellers, and real estate professionals in the region.