July 2022 Market Update By D. Michael Burke Happy post 4th of July everyone. And while it’s still a bit hard to believe we’re now a week into the 7th month of the year, we did want to note that if you’ve been thinking about selling your home in 2022, you still have a […]
June 2022 – SWFL Real Estate Market Update
June 2022 Market Update By D. Michael Burke Greetings and welcome to June. Last month, we reported that for-sale home inventory in Lee and Collier counties had risen up month-over-month, and while inventory levels in both counties is still ticking upward, it’s still below 2-months. (A balanced market works out to roughly 6-months’ worth […]
May 2022 – SWFL Real Estate Market Update
May 2022 Market Update By D. Michael Burke In early April, we pointed out that active for-sale inventory in both Lee and Collier counties was down substantially year-over-year. At that point, we reported that February single-family home inventory in Collier and Lee counties was down by 27% and 23%, respectively, from the same reporting period […]
April 2022 – SWFL Real Estate Market Update
April 2022 Market Update By D. Michael Burke The housing market in both Collier and Lee counties continues to remain strong, despite year-over-year declines in home sales. For example, for the month of February, in Collier County, closed sales of single-family homes and condos declined by 25% and 51%, respectively, from the same reporting period […]
March 2022 – SWFL Real Estate Market Update
March 2022 Market Update By D. Michael Burke The real estate market has been operating at a fever pitch over the past three years, with home values, home prices, sales volume, and transaction sides easily breezing past previous records. Despite securing consecutive banner years, many industry members have been anxiously awaiting another housing crash (similar […]
February 2022 – SWFL Real Estate Market Update
February 2022 Market Update By D. Michael Burke Greetings and happy February to everyone! Now that the holidays are behind us (and the houseguests are long gone), you may be wondering if it’s too late to get in on the home-selling action. We’re here to tell you it’s not. Regardless as to whether you’re looking […]
January 2022 – SWFL Real Estate Market Update
January 2022 Market Update By D. Michael Burke Happy New Year! It’s almost hard to believe that we’re nearly two years into this almost unprecedented sellers’ market. And while there are some preliminary signs that the market may be starting to level off, sellers still have the upper hand. We’re also still seeing strong activity […]
December 2021 – SWFL Real Estate Market Update
December 2021 Market Update By D. Michael Burke Happy December! It’s almost hard to believe that we’ve entered the final stretch for 2021. Regardless of inventory challenges, the year 2021 has been a highly active year for residential sales in Southwest Florida, and for those who were thinking about making the move here, many finally […]
November 2021 – SWFL Real Estate Market Update
November 2021 Market Update By D. Michael Burke Greetings, salutations, and happy early Thanksgiving. Now that we’re in the final stretch of the year, you might be wondering if the market is still hot. We’re here to tell you it is- and it’s purely a matter of supply and demand. Not only are median home prices in […]
October 2021 – SWFL Real Estate Market Update
October 2021 Market Update By D. Michael Burke Welcome to the 4th quarter of the year! In previous months we’ve talked about home sales prices, inventory levels, and consumer demand, but this month we wanted to highlight something different- notably, that the US is in the midst of a significant housing shortage. Let us explain. A recent […]
