Lee County Market Report Lee County Market Report | Page 2

Closed Sales

Monthly

Market Detail - January 2025 Single-Family Homes Lee County

Closed Sales Paid in Cash

812 793 2.4 % 298 296 0.7 %

Median Sale Price $ 399,500

$ 405,000 -1.4 %

Average Sale Price Dollar Volume

$ 599,658 $ 631,945 -5.1 % $ 486.9 Million $ 501.1 Million -2.8 %

Median Percent of Original List Price Received

94.6 % 95.1 % -0.5 %

Median Time to Contract 53 Days 55 Days -3.6 %

New Pending Sales New Listings

1,195 2,878

1,346 -11.2 %

2,205 30.5 %

Pending Inventory 1,356 Inventory ( Active Listings ) 9,435 Months Supply of Inventory 8.4

1,646 -17.6 % 6,930 36.1 % 6.1 37.7 %

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 .

2,500

2021 2022 2023 2024

2,000

1,500

1,000 500

0

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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 Friday , February 21 , 2025 . Next data release is Thursday , March 20 , 2025 .