Lee County’s housing market saw an increase in July in closed sales compared to July 2018. Year-over-year, sales were up by 8.2% for Single Family and a whopping 17.2% for Condos & Townhouse.The sales are up a bit compared to June 2019. July showed Median Sale prices were up slightly at 2.0% for Single Family, and 4.4% for Townhouse and Condos . Inventory is level with year-over year for Single Family at 1.8% in Active Listings, showing a 4.9 Months Supply of Inventory.
The time properties spent on the market in July, was 73 Days for Single Family Homes and 92 Days for Townhouses and Condos. The number of days properties were on the market increased slightly. For example, the median for single family homes was 73 days for 2019 versus 65 for 2018.
July showed Median Sale prices were up slightly at 2.0% for Single Family, and 4.4% for Townhouse and Condos . Inventory is level with year-over year for Single Family at 1.8% in Active Listings, showing a 4.9 Months Supply of Inventory. Active listings were up by 0.4% year-over-year for Townhouses and Condos with a Months Supply of Inventory of 5.3, a drop from May 2019 of 5.8. Both Single Family and Condos are in a balanced market with these numbers.
