Lee County Market Report Lee County Market Report | Page 20

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

New Listings by Initial Listing Price

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.
300 250 200 150 100 50 0
Economists ' note: There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market( regardless of whether they actually sell). Likewise, it falls when New Listings aren ' t keeping up with the rate at which homes are going off-market.
1,200
1,000 800 600 400 200
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

Inventory by Current Listing Price

The number of property listings active at the end of the month
$ 200,000- $ 249,999
$ 250,000- $ 299,999
$ 250,000- $ 299,999
Initial Listing Price
$ 50,000- $ 99,999 6 N / A $ 100,000- $ 149,999 35 105.9 % $ 150,000- $ 199,999 107 87.7 % $ 200,000- $ 249,999 104-8.0 % $ 250,000- $ 299,999 151 22.8 % $ 300,000- $ 399,999 226-11.7 % $ 400,000- $ 599,999 211-14.2 % $ 600,000- $ 999,999 98-19.0 % $ 1,000,000 or more 56 3.7 %
Current Listing Price
New Listings
Inventory
Percent Change Year-over-Year
Less than $ 50,000 0 N / A
$ 300,000- $ 399,999
Percent Change Year-over-Year
Less than $ 50,000 0 N / A $ 50,000- $ 99,999 39 457.1 % $ 100,000- $ 149,999 223 205.5 % $ 150,000- $ 199,999 504 110.0 % $ 200,000- $ 249,999 577 53.5 % $ 250,000- $ 299,999 809 77.8 % $ 300,000- $ 399,999 1,084 17.7 % $ 400,000- $ 599,999 995 20.8 % $ 600,000- $ 999,999 565 26.7 % $ 1,000,000 or more 365 12.7 %
$ 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
300 250 200 150 100 50
0
1,200 1,000
800 600 400 200 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.