Lehigh Acres Real Estate | Homes for sale in Lehigh Acres | Housing report Dec. 2020 Lehigh Acres real estate housing market was down in sales compared to last year same month by 3.5% because we don't have inventory to sell. December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low-interest rates, continues to drive a healthy sales pace in the face of a new wave of infections and a softening jobs market.
New Listings in Lehigh Acres decreased -57% percent for Single Family homes and -29% for Townhouse/Condo homes in Lehigh Acres. Pending Sales in Lehigh acres increased +75% for Single Family homes and +50% For Townhouse/Condo homes. Inventory decreased -57% percent for Single Family homes and -29% percent for Townhouse/Condo homes.
Median Sales Price increased +13% to $211,340 for Single Family homes and -15% percent to $93,000 for Townhouse/Condo homes. Days on Market for the median is 11 days and for the average is 27 days for Single Family homes. Months Supply of Inventory for Single Family homes is 1.5 months if you take the new construction will be in the 1.0 month of supply.
With low mortgage rates and strong buyer demand in most market segments, the housing market of early 2021 looks to continue the trends we saw in the second half of 2020. Low inventory and multiple offers on in-demand properties and market segments are likely to remain common while the market waits and hopes for a boost in new construction and a surge in home sellers to help provide more balance to the market. subscribe to my channel for more Lehigh acres real estate housing report.
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