New Listings Inventory
Monthly Market Detail - February 2024 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 .
1,000 900 800 700 600 500 400 300 200 100
0
Less than $ 50,000
Less than $ 50,000
February 2023 February 2024
$ 50,000 - $ 99,999
$ 50,000 - $ 99,999
$ 100,000 - $ 149,999
$ 100,000 - $ 149,999
$ 150,000 - $ 199,999
February 2023 February 2024
$ 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 New Listings
Percent Change Year-over-Year
Less than $ 50,000 0 N / A $ 50,000 - $ 99,999 0 -100.0 % $ 100,000 - $ 149,999 17 0.0 % $ 150,000 - $ 199,999 57 42.5 % $ 200,000 - $ 249,999 113 17.7 % $ 250,000 - $ 299,999 123 16.0 % $ 300,000 - $ 399,999 256 27.4 % $ 400,000 - $ 599,999 246 19.4 % $ 600,000 - $ 999,999 121 -6.2 % $ 1,000,000 or more 54 -6.9 %
$ 300,000 - $ 399,999
Current Listing Price Inventory
Percent Change Year-over-Year
Less than $ 50,000 0 N / A $ 50,000 - $ 99,999 7 250.0 % $ 100,000 - $ 149,999 73 217.4 % $ 150,000 - $ 199,999 240 185.7 % $ 200,000 - $ 249,999 376 159.3 % $ 250,000 - $ 299,999 455 154.2 % $ 300,000 - $ 399,999 921 170.1 % $ 400,000 - $ 599,999 824 115.1 % $ 600,000 - $ 999,999 446 95.6 % $ 1,000,000 or more 324 101.2 %
$ 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
1,000 900 800 700 600 500 400 300 200 100 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 21 , 2024 . Next data release is Thursday , April 18 , 2024 .