Inventory
Months Supply of Inventory
Monthly Market Detail - March 2024 Single-Family Homes Lee County
Inventory ( Active Listings )
The number of property listings active at the end of the month
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 .
Month |
Inventory |
Percent Change
Year-over-Year
|
YTD ( Monthly Avg ) |
7,204 |
81.7 % |
March 2024 |
7,376 |
74.6 % |
February 2024 |
7,307 |
89.1 % |
January 2024 |
6,930 |
82.2 % |
December 2023 |
6,340 |
77.3 % |
November 2023 |
6,223 |
76.2 % |
October 2023 |
5,676 |
69.6 % |
September 2023 |
5,107 |
41.8 % |
August 2023 |
4,682 |
34.5 % |
July 2023 |
4,545 |
32.0 % |
June 2023 |
4,501 |
49.4 % |
May 2023 |
4,458 |
84.3 % |
April 2023 |
4,189 |
122.3 % |
March 2023 |
4,225 |
155.9 % |
8,000
2020 2021 2022 2023
6,000
4,000
2,000
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 M
Months Supply of Inventory
An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
Economists ' note : MSI is a useful indicator of market conditions . The benchmark for a balanced market ( favoring neither buyer nor seller ) is 5.5 months of inventory . Anything higher is traditionally a buyers ' market , and anything lower is a sellers ' market . There is no single accepted way of calculating MSI . A common method is to divide current Inventory by the most recent month ' s Closed Sales count , but this count is a usually poor predictor of future Closed Sales due to seasonal cycles . To eliminate seasonal effects , we use the 12-month average of monthly Closed Sales instead .
Month |
Months Supply |
Percent Change
Year-over-Year
|
YTD ( Monthly Avg ) |
6.4 |
88.2 % |
March 2024 |
6.5 |
75.7 % |
February 2024 |
6.5 |
97.0 % |
January 2024 |
6.1 |
90.6 % |
December 2023 |
5.6 |
86.7 % |
November 2023 |
5.5 |
96.4 % |
October 2023 |
5.1 |
96.2 % |
September 2023 |
4.7 |
74.1 % |
August 2023 |
4.3 |
72.0 % |
July 2023 |
4.2 |
68.0 % |
June 2023 |
4.1 |
95.2 % |
May 2023 |
4.0 |
135.3 % |
April 2023 |
3.8 |
192.3 % |
March 2023 |
3.7 |
236.4 % |
7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
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 .