Lehigh Acres April Market Update – Josh Bohling - LPT Realty SW FL

🌴 SW Florida April Market Update Lehigh Acres – Josh Bohling - LPT Realty SW FL

April in Southwest Florida marks the last month of our peak season, as perfect weather, bustling activity from "snowbirds," and motivated buyers create a dynamic real estate environment. While national headlines continue to discuss market adjustments, it's important to focus on what's happening locally. Following a period of rapid expansion, the market has found its footing: prices have stabilized, insurance costs have leveled off, and we're seeing more informed buyers navigating a healthier inventory landscape.

But the local Lehigh Acres numbers paint the true picture...

Lehigh Acres Single-Family Homes

• Median Sales Price: $310,000 (Down 6.1% vs. last year)
• Closed Sales: 288 (Up 18.0% vs. last year!)
• Active Inventory: 1,665 (Up 7% vs. last year!)
• Months Supply of Inventory: 5.8 (Down 9.3% vs. last year!)

Takeaway: The Lehigh Acres single-family home market is experiencing a significant tightening of inventory, down nearly 9.3% compared to last year. While median sales prices have decreased by 6.1%, the months supply of inventory has dropped to 5.8 months, indicating a shift towards a more balanced market with buyers still getting a great deal. With fewer homes available, buyers need to be prepared to act decisively.

Lehigh Acres Condos & Townhouses

• Median Sales Price: $205,000 (Up 4.6% vs. last year)
• Closed Sales: 14 (Down 6.7% vs. last year)
• Active Inventory: 127 (Down 5.9% vs. last year!)
• Months Supply of Inventory: 9.1 (Up .8% vs. last year!)

Takeaway: The condo market in Lehigh Acres is seeing higher Median Sales price. Closed sales are down 6.7% year-over-year, while active inventory has dropped by 5.9%. This combination of increased demand and reduced supply has driven the months supply up to 9.1 months. 

What Does It All Mean?

The Lehigh Acres market is showing clear signs of tightening inventory across both single-family homes and condos. With active listings down significantly, buyers are facing less competition, which is driving up sales activity, particularly in the condo sector. For sellers, this reduced inventory presents a favorable environment to list your property. For buyers, it's crucial to have a knowledgeable agent to help you navigate this competitive landscape and secure the right home.

If you're thinking about buying or selling in Lehigh Acres, let's talk. I can provide you with a personalized analysis of your property and help you make the most of this dynamic market.

Josh Bohling
REALTOR® | LPT Realty
239-320-5326
josh@sellmyhouseswfl.com
www.sellmyhouseswfl.com