Mon Jan 17 2022
This week the median list price for Estero, FL is $749,999 with the market action index hovering around 67. This is less than last month's market action index of 69. Inventory has decreased to 31.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$749,999|
|Median Price of New Listings||$897,500|
|Per Square Foot||$321|
|Average Days on Market||72|
|Median Days on Market||35|
|Strong Seller's Market|
While this week the median didn’t fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,875,000||3,923||0.5 - 1 acre||4||4||7||1||1||49|
|$822,475||3,082||0.25 - 0.5 acre||4||3||16||3||1||17|
|$717,500||2,159||8,000 - 10,000 sqft||3||2.8||8||2||1||42|
|$492,500||1,348||4,500 - 6,500 sqft||2||2||26||0||1||42|