September Market Report For SWFL

Closed Sales

Closed sales for the 12-month period ending September 30 were up 44% from the preceding 12-months, from 28,388 to 40,881. Year-to-date, closed sales posted a 41% increase over the same period last year. Sales for the month of September, although down 16% from the unprecedented surge we experienced last year, were up 50% when compared to the average of the three preceding years.

Listing Inventory / New Listings

After four months of steady yet modest month-over-month increases through July, the number of available properties on the market moved little during August and September. As of September 30, 2,494 properties were available, roughly the same as the two preceding months. More often than not, listing inventory declines in late summer, so a stable inventory count this time of year is a positive trend. New listings for the 12-month period ending September 30 were down 4.62% from the preceding 12 months, from 39,306 to 37,491. For the month of September, new listings were down 21% from an unusual spike we experienced last year, but were up 2% from the three-year pre-pandemic average for the month.

Average Selling Price

The average selling price for the 12-months through September 30 was $616,530, up 28% from the preceding 12-month period when the average selling price was $480,960.

Summary

With closed sales for September 2021 posting a 50% lead over the three-year pre-pandemic average for the month, sales in the Southwest Florida market continue to excel. Inventory, while still low, continues the trend of stability that we first reported in May. As we approach the winter season, current indicators are that market conditions will likely remain strong for some time to come.

I am pleased to report that John R. Wood Properties remains the leader in Southwest Florida in both year-to-date closed dollar volume and closed units!