Closed Sales Median Time to Contract
Monthly Market Detail - March 2024 Single-Family Homes Lee County
Closed Sales by Sale Price
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 .
600 500 400 300 200 100
0
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 .
120 100 80 60 40 20 0
Less than $ 50,000
Less than $ 50,000
March 2023 March 2024
$ 50,000 - $ 99,999
$ 50,000 - $ 99,999
$ 100,000 - $ 149,999
$ 100,000 - $ 149,999
$ 150,000 - $ 199,999
March 2023 March 2024
$ 150,000 - $ 199,999
$ 200,000 - $ 249,999
$ 200,000 - $ 249,999
$ 250,000 - $ 299,999
Median Time to Contract by Sale Price
The median number of days between the listing date and contract date for all Closed Sales during the month
$ 250,000 - $ 299,999
Sale Price
$ 100,000 - $ 149,999 1 -87.5 % $ 150,000 - $ 199,999 15 7.1 % $ 200,000 - $ 249,999 30 -21.1 % $ 250,000 - $ 299,999 95 3.3 % $ 300,000 - $ 399,999 508 15.2 % $ 400,000 - $ 599,999 395 -3.7 % $ 600,000 - $ 999,999 257 2.0 % $ 1,000,000 or more 137 2.2 %
Sale Price
$ 150,000 - $ 199,999 30 Days 200.0 % $ 200,000 - $ 249,999 19 Days 18.8 % $ 250,000 - $ 299,999
Median Time to Contract
Percent Change Year-over-Year
Less than $ 50,000 ( No Sales ) N / A $ 50,000 - $ 99,999 102 Days 1175.0 % $ 100,000 - $ 149,999
Closed Sales
Percent Change Year-over-Year
Less than $ 50,000 0 N / A $ 50,000 - $ 99,999 1 -75.0 %
$ 300,000 - $ 399,999
0 Days -100.0 %
34 Days 13.3 % $ 300,000 - $ 399,999 58 Days 34.9 % $ 400,000 - $ 599,999 66 Days 112.9 % $ 600,000 - $ 999,999 64 Days 77.8 % $ 1,000,000 or more 73 Days 135.5 %
$ 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
600 500 400 300 200 100
0
120 100
80 60 40 20 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 , April 18 , 2024 . Next data release is Wednesday , May 22 , 2024 .