August 2022 Southwest Florida Housing Market Update

Dated: September 20 2022

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Everyone states that real estate is about location, location, location; however just as important for real estate is timing. As we look at the market today, it looks much different than it did earlier in 2022. The Southwest Florida Real Estate 

Cape Coral Florida had a total of 2075 Active Lisitngs with 883 new listings. Days on market increased to 53 days on market and we had a Median Sold Price of $ 370,000. This is a reduction from $ 410,000 at the peak of 2022 which was in May of 2022. With only 383 sold homes, we saw a bump in overall inventory. <a href=Cape Coral August 2022 Real Estate Market Statistics" width="650" height="650" />

The Fort Myers Real Estate Market had 1269 Active Listings with 606 new listings and only 393 sold propertries. Our months supply of inventory is approximately 3.2 months and our Median Days on Market is up to 52 days. 

I am ending with our Naples Real Estate Market for August 2022. We saw active listings at 1456 with 347 sales and 733 new listings. Median Sold Price is at $ 549,000 and Median Days on Market hit 66 days, up from 48 days in March of 2022. 

Homes are sitting on the market longer and it is more imporant than ever before to hire the right REALTOR to market the home to the largest audience online and to use leverage technology for marketing like Matterport 3D Tours, Professional Photography and comprehensive descriptions. With interst rates reported at 6.11% today (Nerdwallet.com) and the overall economy, finding that right qualified buyer is not as easy as it once was. Open house strategies and online real estate portals are important to get the maximum expsoure for the home. 

For all of the graphs, you can go to my FaceBook page JAKUS REALTY TEAM. 

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Jason Jakus

Jason Jakus, Owner of NextHome Advisors, has provided Southwest Florida luxury real estate market with unparalleled expertise since 2006. Jason Jakus has been featured on FOX and NBC for his insight ....

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