Competition among buyers remains fierce as scarce inventory and higher prices continued to define the Lee County Housing Market in January, according to figures released by the Florida Gulf Coast Multiple Listing Service and reported by Royal Palm Coast Realtor Association.
The median sale price for single-family homes jumped 27.5% to $415,000 in January compared to a year ago, while condominiums and townhomes increased 30.9 percent to $294,500. The market saw an inventory decrease of 74.9% for all property types in Lee County versus a year ago.
There were 1,593 homes of all types for sale in Lee County last month, compared to 6,348 last year at this time — a decrease of 74.9%. Days on market until sale came in at 20 days for all property-type homes in Lee County last month, compared with 57 days in January 2021.