Comparing July 2023 to July 2022, new listings are down, closed sales down, days on market up median prices are up, while average sales price is up for single family homes in the Bonita Springs Estero market. The same is true for condo sales.
Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales.
Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month’s sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next