Housing market activity in Southwest Florida is cooling after a 2022 peak, with declines in listings and building permits signaling a market recalibration, according to Florida Gulf Coast University economists. The report projects this slowdown to persist moving forward.
Southwest Florida's housing market is becoming more balanced after years of soaring prices. Inventory is rising, condo values are slipping and affordability remains challenged as buyers and sellers adjust to higher mortgage rates and insurance costs.
Home prices remain high but are beginning to ease in Southwest Florida, with median sales prices falling in Collier and Lee counties as rising inventory, insurance costs and ownership expenses reshape the housing market.
