The Southwest Florida real estate market is undergoing a transformation. As we move into February, inventory levels continue to rise, signaling a shift towards a more buyer-friendly environment. Home prices are fluctuating, and interest rates are impacting purchasing power. Understanding these changes is crucial for both buyers and sellers looking to navigate this dynamic market.
Prices in key markets have seen fluctuations, with some areas experiencing gains while others see declines. Here’s a look at the latest data:
Naples saw an 8.5% price increase, showing strong demand, while Marco Island faced a 23.6% decline, indicating potential buyer hesitancy. Fort Myers had a modest 5.6% rise, whereas Cape Coral prices fell by 10.8%, reflecting increased inventory.
Expert Insight: Mary Bartos observes, "Despite longer days on market, buyer interest remains strong, with open house attendance showing positive signs of activity."
Despite market shifts, long-term homeowners have continued to see growth in equity. Here’s how home equity has evolved over the years:
In 2015, average homeowner equity stood at $120K. By 2021, it had surged to $220K, with 2025 projections reaching $319K. This sustained growth highlights the resilience of homeownership as a wealth-building tool.
So is it the right time to buy or sell in Southwest Florida? The answer ultimately depends on your individual circumstances. However, with the current market favoring buyers, it may be a good time to consider making a move.
Whether you're looking to buy or sell, the Bartos Group and TBF Mortgage are here to help. With our expertise and guidance, you can navigate the complex world of real estate and make informed decisions about your next move.
Contact our expert team today to discuss your options.
