January 2020 SWFL Real Estate Market Update

Our Southwest Florida real estate market is off to a hot start in 2020.

I’m Marcus Larrea, and here is your January 2020, Southwest Florida Real Estate Market update…

In Lee and Collier County, inventory continues to drop year over year. Inventory is at its lowest point this time of year since 2016.

Median time to contract also continues to drop, so make sure if you’re selling your home, you find a listing agent that can market and price your home accordingly.

Number of closed homes in Lee and Collier County is up 15.95% from January of 2019 to January of 2020.

Median sale price for all properties sold in Lee and Collier counties is up 7.85% from the previous year.

With nationwide inventory dropping to 20-year lows, mortgage rates at their second lowest in nearly three years, and buyer demand remaining strong in Florida, 2020 could be the most robust housing market we’ve seen in nearly a decade.

Take a look at the raw numbers for the SWFL real estate market in January 2020 below:

If you have any questions and you’re thinking about buying or selling, our team at Palm Paradise Real Estate is here for you. You can call, text, or email any of our agents or visit us on our website at www.PalmParadiseRealEstate.com.

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