Southwest Florida Real Estate Market Update [New for November 2019]

Southwest Florida Real Estate Update - NovemberAnother month is over, so let's look at the Collier County and Lee County real estate markets to see what's new this November, and what it means for buyers and sellers in Southwest Florida.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Your Southwest Florida Real Estate Market Update for November 2019

Hi, I'm Marcus Larrea with Palm Paradise Real Estate, and it's time for your Southwest Florida real estate market update for November 2019.

10,897 Lee County homes went on the market as active listings this November. While this may sound like a lot, it's actually a decrease of 9.7% from this time last year. Collier County saw 7,642 active listings, a decrease of 7.5% from November 2018.

November had 2,261 closed transactions in Lee and Collier Counties, 3.2% more than this time last year. Throughout the month, we saw 29,601 homes sold, which is 460 more homes than in November 2018.

For the year-to-date, the average sales price in Lee County is a solid $296,809, which is 3.4% higher than two years ago. In Collier County, the average sales price reached $601,311 year-to-date, an increase of 4.0% over the same time period.

The typical home in Lee County sold in 79 days, whereas homes in Collier County took an average of 99 days to sell this November.

Inventory is dropping, and the average days on market is staying about the same. Overall, it's a fairly balanced real estate market this month in Southwest Florida, though we are leaning slightly toward a seller's market.

Let Palm Paradise Real Estate Help You Stay Up-to-Date With the SW Florida Real Estate Market

The real estate market is always changing, and it can be difficult to keep track of all the latest trends. Keep checking back or contact our team now to stay up-to-date with the latest real estate news.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

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