Whether you're buying or selling a Southwest Florida home, knowledge of local real estate trends can help you achieve your goals with confidence. Our real estate agents spend every day immersed in Southwest Florida real estate markets, and we have the data you need to make informed decisions. Stay up to date on the latest details with our Monthly Market Report for May 2021.
May Sales in Southwest Florida
Overall, Southwest Florida real estate markets had a very strong May, with 39,680 properties sold and a 51.36 percent year-over-year increase in sales. New listings also increased by 3.63 percent to 39,187 listings. The average sale price is rising along with demand, with a 29.92 percent year-over-year increase to $585,606. Southwest Florida inventory stood at 2,265 units for May, with .68 months of supply.
Naples
Naples homes for sale had another impressive month, with 16,159 properties sold and a significant 63.47 percent increase in sales year-over-year. There were 15,790 new listings in May, good for an increase of 10.33 percent. The average sale price in Naples of $784,696 represents a 29.54 percent increase year-over-year. Naples inventory checked in at 950 units in May, which equates to .71 months of supply.
Marco Island
Marco Island saw the second-largest increase in sales for May at 93.45 percent, with 1,594 properties sold. New listings also increased by 20.97 percent, with a total of 1,529 new listings. The average sale price of $933,549 marks a year-over-year increase of 19.21 percent. Inventory on Marco Island stood at 161 units, with 1.21 months of supply.
Bonita-Estero
Sales were up by 55.92 percent in the Bonita-Estero market, with 4,726 properties sold in May, while new listings were up by 7.25 percent to 4,499. The average sale price of $494,835 is a 21.96 percent increase over the previous year. Bonita-Estero inventory was 197 units in May, which equals .50 months of supply.
Fort Myers
There were 7,738 properties sold in Fort Myers in May, good for a year-over-year increase of 35.56 percent. New listings saw a decrease of 15.01 percent to a total of 7,627. The average sale price in Fort Myers checked in at $341,054, a year-over-year increase of 18.92 percent. Inventory in Fort Myers stood at 390 units, with .60 months of supply.
Fort Myers Beach
Fort Myers Beach saw 660 properties sold in May and an increase of 67.51 percent over the previous year. New listings decreased by 6.91 percent, with a total of 665. The average sale price in Fort Myers Beach rose by 10.09 percent to $623,618. Fort Myers Beach inventory was 65 units, with 1.18 months of supply.
Sanibel & Captiva Islands
Sanibel & Captiva Islands saw the largest increase in sales for May, with 802 properties sold and a 105.12 percent year-over-year increase. New listings dropped very slightly by .85 percent, with 702 new listings in May. The average sale price rose by 14.54 percent to $1,085,870. Inventory stood at 73 units, with 1.09 months of supply.
Cape Coral
There were 8,001 units sold in Cape Coral in May, good for a 33.75 percent increase year-over-year. New listings also rose by 8.19 percent to a total of 8,375. The average sale price of $351,052 represents a 21.88 percent increase over the previous year. Cape Coral inventory checked in at 429 units, with .64 months of supply.
See something you like in the latest trends? Let our team at John R. Woods Properties help you plan your next move. Contact us to buy and sell homes throughout your favorite Southwest Florida real estate markets.
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