Median Time to Contract
Median Time to Sale
Monthly Market Detail - February 2024 Single-Family Homes Lee County
Median Time to Contract
The median number of days between the listing date and contract date for all Closed Sales during the month
Economists ' note : Like Time to Sale , Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month . The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale . When the gap between Median Time to Contract and Median Time to Sale grows , it is usually a sign of longer closing times and / or declining numbers of cash sales .
Month
Median Time to Contract
Percent Change Year-over-Year
Year-to-Date |
63 Days |
85.3 % |
February 2024 |
64 Days |
106.5 % |
January 2024 |
55 Days |
61.8 % |
December 2023 |
42 Days |
27.3 % |
November 2023 |
46 Days |
35.3 % |
October 2023 |
46 Days |
58.6 % |
September 2023 |
42 Days |
55.6 % |
August 2023 |
42 Days |
100.0 % |
July 2023 |
38 Days |
137.5 % |
June 2023 |
35 Days |
169.2 % |
May 2023 |
30 Days |
172.7 % |
April 2023 |
33 Days |
230.0 % |
March 2023 |
33 Days |
200.0 % |
February 2023 |
31 Days |
93.8 % |
80
2020 2021 2022 2023
60
40
20
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
Median Time to Sale
The median number of days between the listing date and closing date for all Closed Sales during the month
Economists ' note : Time to Sale is a measure of the length of the home selling process , calculated as the number of days between the initial listing of a property and the closing of the sale . Median Time to Sale is the amount of time the " middle " property selling this month was on the market . That is , 50 % of homes selling this month took less time to sell , and 50 % of homes took more time to sell . Median Time to Sale gives a more accurate picture than Average Time to Sale , which can be skewed upward by small numbers of properties taking an abnormally long time to sell .
Month |
Median Time to Sale |
Percent Change
Year-over-Year
|
Year-to-Date |
101 Days |
27.8 % |
February 2024 |
103 Days |
35.5 % |
January 2024 |
97 Days |
22.8 % |
December 2023 |
83 Days |
3.8 % |
November 2023 |
91 Days |
5.8 % |
October 2023 |
90 Days |
12.5 % |
September 2023 |
86 Days |
24.6 % |
August 2023 |
85 Days |
37.1 % |
July 2023 |
80 Days |
37.9 % |
June 2023 |
81 Days |
47.3 % |
May 2023 |
73 Days |
35.2 % |
April 2023 |
74 Days |
42.3 % |
March 2023 |
74 Days |
45.1 % |
February 2023 |
76 Days |
35.7 % |
140 120 100 80 60 40 20 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
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 .