The Nudi Report - SW Florida Real Estate Update for March 12th, 2025

The Nudi Report - SW Florida Real Estate Update for March 12th, 2025

Fort Myers Real Estate Market Update

Hello everyone, it’s Ralph Nudi with the Nudi Home Team, coming to you from our office right here at beautiful Cape Harbour. Welcome back to The Nudi Report—your trusted source for Southwest Florida real estate news. Today is March 12th, 2025, and we're diving right into what's happening in the Fort Myers real estate market and beyond.

Current Market Trends

Right now, Fort Myers is firmly in a buyer's market, with inventory at about 10.39 months. The median sold price across all residential properties last month was $370,000, down about 1.3% from January. Homes are taking around 57 days to go under contract, slightly faster than the previous month.

New Listings

February brought 1,106 new residential listings to the market, down approximately 22.4% compared to January. The median listing price increased slightly to $392,950, up about 2.1%.

Single-family homes specifically saw 707 new listings, an 18% decrease, with median listing prices dipping slightly to $475,000.

Pending Listings

We saw a substantial increase in pending sales, with 640 residential properties going under contract—up 41% from January. The median price for pending listings dropped to $369,000, a 7.7% decrease.

Single-family homes had 414 pending listings, marking a 35.3% increase, with median prices settling at $449,000.

Sold Properties

A total of 385 residential properties closed last month—an increase of almost 22%. Median sold prices across all properties were $370,000, slightly down by 1.3%.

Single-family homes accounted for 258 closings, nearly 17% more than January, with median sold prices rising slightly to $442,500.

Mortgage Rates Update

Yesterday’s stock market dip has had a positive impact on mortgage rates, which have improved slightly. Now may be an advantageous time to secure financing if you're considering buying a home.

Events in Southwest Florida – March 14-16th

  • Fort Myers Seafood & Music Festival: Fresh seafood, live bands, and local atmosphere at Centennial Park.
  • Naples Flower Show: Enjoy beautiful spring blooms at Naples Botanical Garden.
  • Cape Coral Sunset Celebration: Family-friendly event at the Yacht Club Community Park with music, food, and waterfront views.
  • Punta Gorda Farmers Market: Shop fresh produce and artisanal goods Saturday morning.

Connect With Us!

If you're thinking about buying or selling in Fort Myers, Cape Coral, Naples, or anywhere in Southwest Florida, the Nudi Home Team at Epique Realty is here for you. Visit us online at NudiHomeTeamFL.com, or reach out directly—I'm here to help.