SW Florida Market Report – November 2019
In Southwest Florida, we often see a bump in listing activity this time of year in anticipation of the busy Winter selling season. True to form, during the month of November, the number of active listings on the market rose 4.3%. New listings for the month, however, were down 9.2% compared to the prior year. This reflects an ongoing trend, emerging in early 2019, of slower year-over-year new listing activity. On a 12-month rolling basis, price segments below $750,000 have posted the most consistent drops, while some segments above $750,000 have shown modest increases.
Sales for the month of November were unchanged from last year, while year-to-date sales were up 3.1%, and 12-month rolling sales were up 3.2%. Increased sales combined with a lower listing inventory have resulted in a 13.7% drop in months of supply compared to a year ago. With 6.2 months of supply as of December 1st, our market continues to reflect a balance between supply and demand.
Click on the link below to view the December 2019 Market Report for NA-BN-ES-MI
Number 1 slot
Continuing to hold the top position for closed dollar-volume in the Southwest Florida real estate market, John R. Wood Properties is looking ahead to another great year in 2020!