August 2023 Market Update

Hello and welcome to August! As we approach the final months of the year, it’s essential to act quickly if you’re planning to sell your home and settle into a new one before the year ends. Fortunately, local data indicates that the average number of days that single-family homes, townhouses, and condos are staying on the market is currently around one month.

As of August 1, 2023, Collier County listings have been spending an average of 34 days on the market, while Lee County listings have been averaging 30 days on the market. This suggests that homes are selling relatively quickly in both areas.

Furthermore, the average sale prices for homes in Collier and Lee counties have remained strong year-over-year. In June, the average price for single-family homes in Collier County was $1,307,230, and in Lee County, it was $570,159. This indicates that the real estate market in Southwest Florida continues to be attractive for home buyers.

If you’ve been contemplating selling your property but have been unsure about the right time to list, now is still a great time to discuss your options with us. Our experienced team of professionals is here to help you achieve your residential real estate goals. Whether you’re buying or selling, our proven tools and strategies will ensure that you get the most out of your transaction.

So, if you have any questions or concerns about the current state of the market, rest assured that we’re here to assist you. With the allure of Southwest Florida and our unwavering support, now is an excellent time to take advantage of the opportunities the market has to offer. Don’t hesitate to reach out to us for any assistance or guidance you may need. We’re here to help you make the most of your real estate endeavors.