Lee County Market Report Lee County Market Report | Page 17

Pending Sales New Listings
Monthly Market Detail- February 2025 Townhouses and Condos Lee County

New Pending Sales

The number of listed properties that went under contract during the month
Economists ' note: Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale.
Month
New Pending Sales
Percent Change
Year-over-Year
Year-to-Date
976
-16.6%
February 2025
558
-9.4%
January 2025
418
-24.5%
December 2024
276
-16.9%
November 2024
336
-10.2%
October 2024
233
-43.3%
September 2024
301
-21.0%
August 2024
321
-19.8%
July 2024
336
-24.0%
June 2024
316
-30.9%
May 2024
404
-24.9%
April 2024
573
-0.7%
March 2024
596
-19.6%
February 2024
616
-8.7%
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

New Listings

The number of properties put onto the market during the month
Economists ' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value— and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
Month
New Listings
Percent Change
Year-over-Year
Year-to-Date
2,282
8.7 %
February 2025
994
0.7 %
January 2025
1,288
15.8 %
December 2024
713
19.2 %
November 2024
978
37.4 %
October 2024
654
-18.0%
September 2024
597
-11.4%
August 2024
536
-2.5%
July 2024
501
-6.2%
June 2024
515
-15.3%
May 2024
641
-5.0%
April 2024
852
9.2 %
March 2024
867
-11.3%
February 2024
987
15.3 %
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
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 Thursday, March 20, 2025. Next data release is Thursday, April 24, 2025.