Pending Sales New Listings
Monthly Market Detail - March 2024 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 |
1,766 |
-11.6% |
March 2024 |
596 |
-19.6% |
February 2024 |
616 |
-8.7% |
January 2024 |
554 |
-4.8% |
December 2023 |
332 |
-14.4% |
November 2023 |
374 |
-12.2% |
October 2023 |
411 |
-1.9% |
September 2023 |
381 |
14.4 % |
August 2023 |
400 |
-19.2% |
July 2023 |
442 |
-4.1% |
June 2023 |
457 |
-10.6% |
May 2023 |
538 |
-22.1% |
April 2023 |
577 |
-29.2% |
March 2023 |
741 |
-16.7% |
1,400 1,200 1,000 800 600 400 200
0
2020 2021 2022 2023
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 M
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 |
2,966 |
11.5 % |
March 2024 |
867 |
-11.3% |
February 2024 |
987 |
15.3 % |
January 2024 |
1,112 |
34.6 % |
December 2023 |
598 |
11.6 % |
November 2023 |
712 |
31.4 % |
October 2023 |
798 |
81.0 % |
September 2023 |
674 |
77.4 % |
August 2023 |
550 |
-1.8% |
July 2023 |
534 |
-3.1% |
June 2023 |
608 |
-13.4% |
May 2023 |
675 |
-12.2% |
April 2023 |
780 |
-17.3% |
March 2023 |
978 |
4.5 % |
1,200
1,000 800 600 400 200
0
2020 2021 2022 2023
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 M
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 , April 18 , 2024 . Next data release is Wednesday , May 22 , 2024 .