top of page

How's the real estate market: November 2019

November 2019 Real Estate Market Report

Although the month of November is considered to be a slow month for real estate, this year told a completely different story. Below is a quick snapshot of the real estate market for each of the following: United States, Florida and Lee County in Southwest Florida.

United State Real Estate Market Report

Starting with the country as whole, closed sales were up by 2.7% compared to November of 2018 and median prices also rose by 5.4% and are now at $271,300.

Inventory remains down at -5.7% with a 3.7 months supply and average days on the market were 38 days.

Compared to previous years and taking into account that November is not considered to be a great month for buying and selling real estate due to all the holidays, shopping and traveling, it was a great month overall for the entire country.

The biggest contributors to that is first time home buyers who represented 32% of all sales during that month.

State of Florida Real Estate Market Report

Another great month for the sunshine state! Single family homes closed sales were up by 6.1% while condo/townhomes were also up by 6.3% compared to November 2018.

Median sales prices also experienced a great increase year over year at 12.9% and median price at $265,000 for single family homes and 5.4% for condo/townhomes at $195,000.

Inventory also remains low in the state of Florida, with single family homes at -10.5% and 3.6 months supply of inventory and -7.1% and 5.5 months supply for condo/townhomes.

The average time on the market was 40 days for single family homes and 43 days for condo/townhouse.

Lee County Real Estate Market Report

Lee county's real estate market remains strong with solid numbers just as the previous months.

Close sales were up again for both single family homes, at 6.6% and condo/townhouses, at 4.9% compared to November of last year.

Median sales price also saw an increase, by 5% for singles family homes bringing the median sales price up to $262,500 and 4.3% for condo/townhouses at $195,000.

Lee county also experienced low inventory just as the rest of the state and country, with -14.2% and 4.7 months supply of inventory for single family homes and -12.9% with 5.4 months supply for condo/townhouses.

Total number of days on the market for both single family homes and condo/townhouses was 67 days.

Overall all cities in Lee County experienced an increase in sales in comparison to November of last year with the exception of Bonita Springs that saw a decrease of -36%, Pine Island at -18.2% and Lehigh Acres at -3.7%.

Fort Myers Beach finally saw an increase in single family homes with a 75% increase year over year and a total of 14 closed sales.

From these numbers we can see that low interest rates, low unemployment rate and career advancement has made home ownership more affordable for many, hence, contributing to more people purchasing homes for the first time or upsizing to a different one.

However, while the demand is high, the supply remains low and building new homes may be the alternative to satiate the demand but will builders start building more homes in hopes that people will buy them, just as it happened back in 2007-08 before the market crash, or will they place safe and wait to be reached by buyers who are ready to build?


Comments (5)

09 oct 2023

If you want to turn heads wherever you go, Top Gun Jackets by Top Gun Outfits are perfect for you. These jackets are made of high quality materials that make them comfortable and durable.


22 ago 2023

I also got my cranberry hibiscus at Echo in Ft. Myers over 13 years ago and I love that they still pop up in my yard. I've been trying to find the exact macros this plant provides to your diet but all I ever come up with is info on either the tea or the flowers. I use the leaves in my salads daily when its growing fresh in my yard. I do prefer the smaller leaves for salad. Any additional info you may have is appreciated!



Mark Swigard
Mark Swigard
22 ago 2023

Turn heads with our Cyberpunk Costume. Futuristic fashion meets timeless quality, making a statement that's ahead of its time. Explore now!


Henry Thomas
Henry Thomas
16 ago 2023

All these are a must have outfits for summer vacations. If you're looking to add a pop of color to your summer vacation outfits, the Beth Dutton pink coat is a fabulous choice. Its vibrant hue combined with its stylish design makes it a statement piece that can elevate any ensemble, whether you're heading to a fancy dinner or simply strolling along the beach. Don't be afraid to make a bold fashion statement this summer!


Dave cooper
Dave cooper
16 ago 2023

I think all these outfits are necessary for getting a good look.

DISCLOSURE : We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to and affiliated sites.
bottom of page