Lehigh Acres Real Estate & Community News

April 12, 2024

Lehigh Acres March

Lehigh Acres Real Estate Hub

Market Report - March 2024

Welcome to the monthly real estate market report for Lehigh Acres, Florida. In this report, we will be tracking four key metrics: number of sales, number of active listings, average days on market, and months of inventory.

Sales: Lehigh Acres, FL - March 2024

Monthly Sales Comparison: Mar. 2024 vs. Feb. 2024

The number of real estate sales in Lehigh Acres for March 2024 experienced a significant increase, totaling 256 sales. This represents a substantial upward trajectory when compared to February 2024, which saw 157 sales. The difference between these two months is noteworthy, with March showing a 63% increase in the number of sales. This suggests a robust growth in market activity, possibly indicative of a rising interest in the Lehigh Acres real estate sector.

Yearly Sales Comparison: - Mar. 2024 vs. Mar. 2023

In a year-on-year comparison, March 2024 saw a slight decrease in the number of real estate sales in Lehigh Acres, with 256 sales compared to March 2023, which recorded 270 sales. This represents a 5.2% decrease in sales numbers year over year. Despite the robust growth in market activity observed in the month-over-month comparison for March 2024, the slight decline from the previous year indicates fluctuating market dynamics.

Listings: Lehigh Acres, FL - March 2024

Monthly Listings Comparison: Mar. 2024 vs. Feb. 2024

The number of active real estate listings in Lehigh Acres for March 2024 was 1375, showcasing a slight decrease when compared to February 2024, which had 1405 listings. This represents a decrease of approximately 2.14%. Such a decline in active listings might suggest a tightening market, where fewer listings become available, potentially leading to increased competition among buyers.

Yearly Listings Comparison: - Mar. 2024 vs. Mar. 2023

In comparison to March 2023, which saw 1166 active listings, March 2024 observed an increase in the number of active real estate listings in Lehigh Acres, totaling 1375. This reflects an 18% increase in active listings year over year. This significant rise indicates a more abundant inventory for potential buyers, possibly easing competitive pressures and offering a wider selection of properties on the market.

Avg. Days on Market: Lehigh Acres, FL - March 2024

Monthly DOM Comparison: Mar. 2024 vs. Feb. 2024

The inventory levels for March 2024 in Lehigh Acres showed a positive trend, with the average days on market (DOM) for listings standing at 61 days. This is a slight improvement compared to February 2024, where the average DOM was recorded at 62 days. The decrease of 1 day in the average DOM from February to March represents a decrease of approximately 1.61%. This subtle improvement indicates a marginally faster pace in the real estate transaction process, suggesting a slight increase in market activity and buyer interest during March 2024.

Yearly DOM Comparison: - Mar. 2024 vs. Mar. 2023

Observing the inventory dynamics in Lehigh Acres, the average days on market (DOM) for March 2024 was reported at 61 days, in contrast to March 2023, which saw an average DOM of 51 days. This represents an increase in the average DOM of approximately 19.61% year over year. The elongation in the time listings remain active in the market could indicate a variety of market conditions, including potential hesitancy among buyers or an adjustment in pricing expectations among sellers. This significant change highlights a noticeable shift in the pace and possibly the competitiveness of the Lehigh Acres real estate market when comparing these two periods.

Inventory: Lehigh Acres, FL - March 2024

Monthly Inventory Comparison: - Mar. 2024 vs. Feb. 2024

For March 2024, the months of inventory in Lehigh Acres was reported at 5 months, marking a significant reduction from the previous month, February 2024, which recorded 9 months of inventory. This shift translates to a dramatic 44.44% decrease in the months of inventory. Such a pronounced drop in inventory levels indicates a faster-moving market, suggesting that properties are selling more quickly than in the previous month. This trend might reflect increased buyer demand or a decrease in new listings, leading to a tighter market with less inventory available over time.

Yearly Inventory Comparison: - Mar. 2024 vs. Mar. 2023

In March 2024, Lehigh Acres reported months of inventory at 5 months, which, when compared to March 2023 that had 4 months of inventory, reveals a 25% increase in the months of inventory year over year. This augmentation indicates a slower pace in the sales process compared to the previous year, suggesting that while the market remains active, properties are taking a bit longer to sell, potentially offering buyers more options and a less competitive market environment.

Conclusion & Analysis: Lehigh Acres Real Estate Market - March 2024

The March 2024 Lehigh Acres Real Estate Market Report reveals a series of interesting dynamics within the local market. The significant month-over-month sales increase positions March as a month of vigorous activity and heightened interest in the region’s real estate, despite a slight year-over-year decline in sales. This recent surge in purchases could be indicative of changing buyer sentiments or perhaps an influx of new residents or investors. On the listings front, while there’s a minor month-over-month decrease, the substantial year-over-year rise in active listings suggests that sellers are increasingly willing to enter the market, contributing to a healthier inventory level that benefits buyers by offering more choices. However, the increased average days on market compared to the previous year hints at a market that is becoming slightly less competitive, perhaps allowing buyers more time to make decisions. The dramatic decrease in months of inventory month-over-month reflects a market quickly moving inventory, but the year-over-year increase signals a more balanced pace than the previous year. Taken together, these metrics suggest a market that is robust but showing signs of balancing, with potential for both buyers and sellers to find opportunities in Lehigh Acres. Moving forward, stakeholders should monitor these trends closely, as they may indicate the beginning of shifts in the market dynamics going into the second quarter of 2024.

Lehigh Acres, FL - Market Report

March 2024

Posted in Market Updates
Feb. 10, 2024

Lehigh Acres - Jan 2024

Market Report image

Lehigh Acres Real Estate Hub

Market Report - January 2024

Welcome to the monthly real estate market report for Lehigh Acres, Florida. In this report, we will be tracking four key metrics: number of sales, number of active listings, average days on market, and months of inventory.

Sales: Lehigh Acres, FL - January 2024

December 2023 vs. January 2024

The real estate market in Lehigh Acres experienced a slight decrease in the number of home sales when comparing January 2024 to the previous month. In December 2023, there were a total of 187 home sales, whereas January 2024 reported 172 sales. This represents an approximately 8.02% decrease in the number of homes sold month-over-month.

Year-on-Year Sales: Lehigh Acres, FL - January 2024 vs. January 2023

Looking at year-on-year data, Lehigh Acres saw an increase in the number of home sales from January 2023 to January 2024. Specifically, January 2024 recorded 172 home sales compared to 146 in January of the previous year. This marks an increase of approximately 17.81%, highlighting a strengthening real estate market over the year.

Listings: Lehigh Acres, FL - January 2024

Monthly Listings Comparison: December 2023 vs. January 2024

January 2024 saw a total of 1258 active listings in the Lehigh Acres real estate market, an uptick from December 2023’s count of 1192 listings. This represents a month-over-month increase of approximately 5.54%, indicating an infusion of new properties on the market and hinting at a potentially wider range of options for prospective buyers.

Year-on-Year Listings: Lehigh Acres, FL - January 2024 vs. January 2023

In a year-on-year comparison, the number of active listings in Lehigh Acres for January 2024 was measured at 1258, which shows an increase from January 2023, when there were 1142 active listings. This represents a hike of approximately 10.16% in the number of properties available on the market, suggesting a growing inventory for potential homebuyers in the region.

Avg. Days on Market: Lehigh Acres, FL - January 2024

Monthly Days on Market Comparison: December 2023 vs. January 2024

The average days on market for homes in Lehigh Acres during January 2024 was observed to be 50, which is a decrease from December 2023’s average of 54 days. This indicates that homes were selling faster in January compared to the previous month. The reduction of 4 days accounts for a decrease of 7.41% in the average days on market, suggesting an acceleration in the sales process and potentially a more favorable market for sellers.

Year-on-Year Avg. DOM: Lehigh Acres, FL - January 2024 vs. January 2023

When examining the year-on-year data for average days on market (DOM) in Lehigh Acres, January 2024 shows a higher average of 50 days, in contrast to the 42 days recorded in January 2023. This represents an increase of 8 days, which translates to a percentage rise of approximately 19.05% in the average DOM year-on-year. This shift suggests that homes were remaining on the market for longer periods before being sold when compared to the same time last year.

Inventory: Lehigh Acres, FL - January 2024

Monthly Inventory Comparison: December 2023 vs. January 2024

The inventory levels in Lehigh Acres for January 2024 represent a total of 7 months’ worth of housing stock, indicating how long it would take for the current inventory of homes to sell given the current sales pace. This is an increase compared to December 2023, which had 6 months of inventory available. When expressed as a percentage, this shift signifies an approximately 16.67% increase in the number of months’ worth of inventory month-on-month. This increase in inventory may suggest that the market is becoming more favorable for buyers, with a larger selection of homes available for a longer duration.

Year-on-year Inventory: Lehigh Acres, FL - January 2024 vs. January 2023

In the aspect of annual inventory comparison, January 2024’s inventory level for Lehigh Acres, which is quantified at 7 months, reflects a decline when set against the inventory level of 8 months from January 2023. This reduction of one month’s inventory represents an approximate 12.50% decrease in year-on-year inventory levels. The downward trend in inventory could signal a shift towards a tighter market as there is less housing stock available relative to the previous year, which might result in heightened competition among buyers.

Posted in Market Updates
Jan. 10, 2024

Lehigh Acres - December 2023

Market Report image

Lehigh Acres Real Estate Hub
Market Report - December 2023

Welcome to the monthly real estate market report for Lehigh Acres, Florida. In this report, we will be tracking four key metrics: number of sales, number of active listings, average days on market, and months of inventory.

Sales: Lehigh Acres, FL - December 2023

The December sales surged to 186, a notable increase from November’s total of 170. In terms of percentages, this represents a significant growth of approximately 9.4% month-on-month. This upward trend signals robust activity in the Lehigh Acres real estate market.

Year-on-Year Sales: Lehigh Acres, FL - December 2023 vs December 2022

When comparing sales in December 2023 to those of December 2022, we observe a slight increase. In December 2022, the sales were 185, just one sale less than the 186 recorded for the same month in 2023. This translates to an approximate growth of 0.54% year-on-year. Despite being a modest increase, it demonstrates a stable market in Lehigh Acres, maintaining its momentum even during the typically slower holiday season.

Listings: Lehigh Acres, FL - December 2023

When evaluating active listings, December 2023 reported a total of 1189. This figure shows a decrease from the preceding month of November, which had 1250 active listings. To express this shift as a percentage, we see a decline of approximately 4.88%. This decrease in active listings suggests a tighter market in Lehigh Acres, potentially leading to increased competition among buyers.

Year-on-Year Listings: Lehigh Acres, FL - December 2023 vs December 2022

When we compare December 2023’s active listings to those of December 2022, we see an increase. In December 2022, the active listings were 1023, which is significantly less than the 1189 recorded for the same month in 2023. This represents a notable growth of approximately 16.23% year-on-year. This rise in active listings year over year illustrates an expanding market in Lehigh Acres, giving potential buyers more options to choose from.

Avg. Days on Market: Lehigh Acres, FL - December 2023

The average number of days on the market for properties in Lehigh Acres in December 2023 was 54. This signifies an increase from November 2023, when properties averaged 49 days on the market. Expressed as a percentage, we can see a relative increase of approximately 14.89% month-on-month. This trend indicates that properties were taking somewhat longer to sell in December compared to the previous month.

Year-on-Year Avg. DOM: Lehigh Acres, FL - December 2023 vs December 2022

Looking at the average days on the market for properties, there’s a noticeable increase from December 2022’s average of 43 days to December 2023’s average of 54 days. This marks an increase of approximately 25.58% year on year. It suggests that, despite a stable number of sales, properties are taking longer to sell compared to the previous year, which could be indicative of market changes that may require further analysis to understand the underlying factors.

Inventory: Lehigh Acres, FL - December 2023

In December 2023, the Lehigh Acres market experienced an inventory level at 6 months, which indicates the amount of time it would take for all current listings to sell at the current pace of sales, assuming no new listings are added. This is a decline from November 2023’s inventory level, which stood at 7 months. The decrease of one month in inventory represents a movement towards a more balanced market, and may signal a modest shift favoring sellers in the Lehigh Acres real estate landscape. This adjustment in inventory levels is an important metric for both buyers and sellers to consider when making decisions in the Lehigh Acres market.

Year-on-year Inventory: Lehigh Acres, FL - December 2023 vs December 2022.

The inventory levels for Lehigh Acres remained constant when comparing December 2023 and December 2022, both set at 6 months. This stability suggests that while there has been a yearly increase in active listings, the pace of sales has also kept up, preventing any significant changes in the inventory’s duration. It reflects a consistent balance in the Lehigh Acres real estate market—a steady state of supply and demand. For both buyers and sellers in Lehigh Acres, this could mean a relatively stable market environment without drastic fluctuations in market conditions.

Posted in Market Updates
July 31, 2017

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