Pending Sales New Listings
Monthly Market Detail - February 2024 Single-Family Homes 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 |
2,902 |
5.3 % |
February 2024 |
1,556 |
8.5 % |
January 2024 |
1,346 |
1.7 % |
December 2023 |
884 |
-5.2% |
November 2023 |
966 |
-0.9% |
October 2023 |
1,072 |
44.9 % |
September 2023 |
1,019 |
10.4 % |
August 2023 |
1,159 |
-10.0% |
July 2023 |
1,244 |
3.2 % |
June 2023 |
1,376 |
7.7 % |
May 2023 |
1,342 |
-13.3% |
April 2023 |
1,559 |
-5.6% |
March 2023 |
1,599 |
-12.3% |
February 2023 |
1,434 |
-14.4% |
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
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 |
4,372 |
29.6 % |
February 2024 |
2,167 |
30.8 % |
January 2024 |
2,205 |
28.4 % |
December 2023 |
1,367 |
16.4 % |
November 2023 |
1,727 |
31.9 % |
October 2023 |
1,861 |
105.0 % |
September 2023 |
1,619 |
35.1 % |
August 2023 |
1,539 |
-0.9% |
July 2023 |
1,502 |
-13.5% |
June 2023 |
1,622 |
-16.8% |
May 2023 |
1,746 |
-14.2% |
April 2023 |
1,746 |
-4.9% |
March 2023 |
2,059 |
3.8 % |
February 2023 |
1,657 |
2.5 % |
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 .