Inventory in Lee County has been edging higher, with active listings up more than 15 percent from a year ago. Even with this growth, homes sold in September dipped sharply from August but were still nearly 20 percent higher than last year, and pending sales also stayed modestly above year-ago levels. Months of supply rose month over month to 3.5, easing some pressure while still aligning with a seller-leaning market gauge.
Pricing is adjusting to these changing conditions. The typical home value in September was slightly above last year, but it fell noticeably compared with August, indicating some short-term softening at closing. List prices moved the other way, jumping more than 11 percent from the prior month and over 35 percent year over year, suggesting sellers are testing higher price points even as buyers show some resistance.
Homes are taking about 42 days to go under contract, a touch faster than last month and a bit quicker than a year ago, and nearly 44 percent are still going off the market within two weeks. The share of properties selling above list price has pulled back significantly over the past year, while the average sale-to-list ratio has held close to 98 percent, pointing to more negotiation but not deep discounts. Buyers and sellers who want to navigate these mixed signals can turn to Agent Pronto to connect with an experienced local agent who understands Lee County’s trends.
