**Market Update for Collier and Lee County!**
Here’s the latest data comparing June 2024 to June 2023:
### Collier County:
– **Overall Market:**
– **Days on Market:** 81 (+59%)
– **New Listings:** 978 (-1%)
– **Pending Sales:** 651 (-1%)
– **Median Sales Price:**
– Overall: $600,000 (-3%)
– Single-Family: $775,000 (-2%)
– Condos: $495,000 (-1%)
– **Closed Sales:** 792 (-15%)
– **Inventory:**
– Overall: 6.8 MO (+62%)
– **Absorption Rate:** 15%
### Lee County:
– **Luxury Market ($1M+):**
– **Days on Market:** 73 (+40%)
– **New Listings:** 216 (+9%)
– **Pending Sales:** 81 (-24%)
– **Median Sales Price:**
– Overall: $1,350,000 (0%)
– Single-Family: $1,350,000 (0%)
– Condos: $1,319,000 (-18%)
– **Closed Sales:** 106 (-12%)
– **Inventory:**
– Overall: 11.5 MO (+32%)
– **Absorption Rate:** 8%
– **Overall Market:**
– **Days on Market:** 71 (+58%)
– **New Listings:** 2,335 (-7%)
– **Pending Sales:** 1,561 (-3%)
– **Median Sales Price:**
– Overall: $385,000 (-3%)
– Single-Family: $397,250 (-5%)
– Condos: $355,000 (+6%)
– **Closed Sales:** 1,580 (-16%)
– **Inventory:**
– Overall: 6.4 MO (+46%)
– **Absorption Rate:** 18%
The market is experiencing increased days on market and inventory levels across both counties, but also a decrease in closed sales and new listings.
Stay informed and contact me for any real estate needs! 
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