Closed Sales Median Time to Contract
Monthly Market Detail- May 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.
160 140 120 100 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.
140 120 100 80 60 40 20 0
Less than $ 50,000
Less than $ 50,000
May 2024 May 2025
$ 50,000- $ 99,999
$ 50,000- $ 99,999
$ 100,000- $ 149,999
$ 100,000- $ 149,999
$ 150,000- $ 199,999
May 2024 May 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 Closed Sales
Percent Change Year-over-Year
Less than $ 50,000 0 N / A $ 50,000- $ 99,999 11 266.7 % $ 100,000- $ 149,999 34 54.5 % $ 150,000- $ 199,999 61 8.9 % $ 200,000- $ 249,999 59 7.3 % $ 250,000- $ 299,999 64 6.7 % $ 300,000- $ 399,999 97-29.2 % $ 400,000- $ 599,999 94-11.3 % $ 600,000- $ 999,999 32-34.7 % $ 1,000,000 or more 25-7.4 %
$ 300,000- $ 399,999
Sale Price
$ 50,000- $ 99,999 86 Days-13.1 % $ 100,000- $ 149,999
Median Time to Contract
Percent Change Year-over-Year
Less than $ 50,000( No Sales) N / A
133 Days 150.9 % $ 150,000- $ 199,999 111 Days 98.2 % $ 200,000- $ 249,999 83 Days 72.9 % $ 250,000- $ 299,999
76 Days-2.6 % $ 300,000- $ 399,999 71 Days 36.5 % $ 400,000- $ 599,999 66 Days 20.0 % $ 600,000- $ 999,999 56 Days 36.6 % $ 1,000,000 or more 61 Days-30.7 %
$ 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
160 140 120 100 80 60 40 20 0
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 Monday, June 22, 2025. Next data release is Wednesday, July 23, 2025.