Lee County Market Report Lee County Market Report | Page 12

Closed Sales
Monthly Market Detail- May 2025 Townhouses and Condos Lee County
Summary Statistics
May 2025
May 2024
Percent Change Year-over-Year
Closed Sales Paid in Cash
477 515-7.4 % 296 314-5.7 %
Median Sale Price $ 310,000
$ 340,000-8.8 %
Average Sale Price Dollar Volume
$ 399,343 $ 431,803-7.5 % $ 190.5 Million $ 222.4 Million-14.3 %
Median Percent of Original List Price Received
88.0 % 92.6 %-5.0 %
Median Time to Contract 80 Days 55 Days 45.5 %
Median Time to Sale
115 Days
96 Days
19.8 %
New Pending Sales New Listings
411 554
404 1.7 %
641-13.6 %
Pending Inventory 534 Inventory( Active Listings) 4,664 Months Supply of Inventory 13.2
595-10.3 % 3,629 28.5 % 8.4 57.1 %

Closed Sales

The number of sales transactions which closed during the month
Economists ' note: Closed Sales are one of the simplest— yet most important— indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales( and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes( i. e. comparing a month ' s sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.
Month
Closed Sales
Percent Change
Year-over-Year
Year-to-Date
2,141
-12.0%
May 2025
477
-7.4%
April 2025
533
-12.6%
March 2025
514
-3.7%
February 2025
335
-24.7%
January 2025
282
-14.3%
December 2024
339
0.0 %
November 2024
213
-41.2%
October 2024
261
-26.1%
September 2024
277
-27.3%
August 2024
336
-26.6%
July 2024
309
-18.5%
June 2024
370
-25.7%
May 2024
515
-16.1%
1,400 1,200 1,000 800 600 400 200
0
2021 2022 2023 2024
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, June 22, 2025. Next data release is Wednesday, July 23, 2025.