Lee County Market Report Lee County Market Report | Page 2

Closed Sales
Monthly
Market Detail - February 2024 Single-Family Homes Lee County
Summary Statistics
February 2024
February 2023
Percent Change Year-over-Year
Closed Sales Paid in Cash
1,022 1,024 -0.2 % 406 455 -10.8 %
Median Sale Price $ 420,495
$ 447,500 -6.0 %
Average Sale Price Dollar Volume
$ 585,183 $ 573,104 2.1 % $ 598.1 Million $ 586.9 Million 1.9 %
Median Percent of Original List Price Received
95.3 % 95.9 % -0.6 %
Median Time to Contract 64 Days 31 Days 106.5 %
Median Time to Sale
103 Days
76 Days
35.5 %
New Pending Sales New Listings
1,556 2,167
1,434 8.5 %
1,657 30.8 %
Pending Inventory 2,048 Inventory ( Active Listings ) 7,307 Months Supply of Inventory 6.5
2,177 -5.9 % 3,865 89.1 % 3.3 97.0 %

Closed Sales

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 .
Month
Closed Sales
Percent Change
Year-over-Year
Year-to-Date
1,815
-4.1%
February 2024
1,022
-0.2%
January 2024
793
-8.6%
December 2023
1,012
6.0 %
November 2023
943
15.6 %
October 2023
1,025
41.4 %
September 2023
1,083
21.1 %
August 2023
1,169
0.3 %
July 2023
1,106
-5.3%
June 2023
1,311
-12.0%
May 2023
1,428
-10.4%
April 2023
1,301
-19.7%
March 2023
1,393
-16.0%
February 2023
1,024
-17.4%
2,500
2020 2021 2022 2023
2,000
1,500
1,000 500
0
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
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 21 , 2024 . Next data release is Thursday , April 18 , 2024 .