Is affordable housing obtainable in Southwest Florida

The Real Estate Market in Southwest Florida is robust despite sales, listngs and days on market down versus October 2020.

The median sale price for single-family homes rose 22 percent from October 2020 to $369,000, 26.4 percent for condominiums and townhomes to $275,000. Closed sales were down for both single-family and condos/townhomes at the rates of -18 percent and -29.3 percent, respectively.

New single-family listings came in at -1.5 percent below October 2020 numbers, mirroring a national trend. Condo listings dropped at an even more precipitous rate for the month, with 29 percent fewer units listed versus a year ago. Last month, 1,673 single-family homes and 618 condos/townhomes were listed for sale in Lee County.

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