Southwest Florida Home Inventory Drops 20% in May as Market Nears Neutral
Updated
Updated · Wink News · Jul 9
Southwest Florida Home Inventory Drops 20% in May as Market Nears Neutral
3 articles · Updated · Wink News · Jul 9
Summary
Southwest Florida listings fell nearly 20% from a year earlier in May, extending a three-month decline and signaling a more stable housing market.
FGCU economist Amir Neto said supply had been outpacing demand, but that imbalance is easing as prices begin to stabilize across the region's counties.
Inventory still sits above pre-pandemic levels, leaving buyers with choices even as the market cools from the recent glut of homes for sale.
Realtors say buyers are facing fewer bidding wars and making more realistic offers, putting the region close to a neutral market rather than favoring either side.