Closed Sales Median Time to Contract
Monthly Market Detail- February 2025 Townhouses and Condos Lee County
Closed Sales by Sale Price
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.
140 120 100 80 60 40 20 0
Economists ' note: Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and / or declining numbers of cash sales.
180 160 140 120 100 80 60 40 20 0
Less than $ 50,000
Less than $ 50,000
February 2024 February 2025
$ 50,000- $ 99,999
$ 50,000- $ 99,999
$ 100,000- $ 149,999
$ 100,000- $ 149,999
$ 150,000- $ 199,999
February 2024 February 2025
$ 150,000- $ 199,999
$ 200,000- $ 249,999
$ 200,000- $ 249,999
$ 250,000- $ 299,999
Median Time to Contract by Sale Price
The median number of days between the listing date and contract date for all Closed Sales during the month
$ 250,000- $ 299,999
Sale Price
$ 100,000- $ 149,999 14-17.6 % $ 150,000- $ 199,999 33-13.2 % $ 200,000- $ 249,999 52 15.6 % $ 250,000- $ 299,999 56 9.8 % $ 300,000- $ 399,999 69-44.4 % $ 400,000- $ 599,999 62-42.1 % $ 600,000- $ 999,999 23-41.0 % $ 1,000,000 or more 20-4.8 %
Sale Price
$ 150,000- $ 199,999 59 Days 59.5 % $ 200,000- $ 249,999 51 Days-22.7 % $ 250,000- $ 299,999
Median Time to Contract
Percent Change Year-over-Year
Less than $ 50,000 18 Days N / A $ 50,000- $ 99,999 56 Days-63.4 % $ 100,000- $ 149,999
Closed Sales
Percent Change Year-over-Year
Less than $ 50,000 1 N / A $ 50,000- $ 99,999 5 66.7 %
$ 300,000- $ 399,999
81 Days 58.8 %
66 Days-25.8 % $ 300,000- $ 399,999 77 Days 60.4 % $ 400,000- $ 599,999 56 Days-12.5 % $ 600,000- $ 999,999 54 Days-22.9 % $ 1,000,000 or more 95 Days 48.4 %
$ 300,000- $ 399,999
$ 400,000- $ 599,999
$ 400,000- $ 599,999
$ 600,000- $ 999,999
$ 600,000- $ 999,999
$ 1,000,000 or more
$ 1,000,000 or more
140 120 100 80 60 40 20
0
180 160 140 120 100 80 60 40 20 0
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.