SWFL Real Estate: Third Quarter 2025 Report
September 10, 2025 / RERI Research Team
Southwest Florida Real Estate Third Quarter 2025 Report
During the second quarter of 2025, the residential market in Southwest Florida continued to reflect ongoing adjustments in the post-pandemic and post-hurricane housing landscape, as evidenced by the latest data available. Single-family home sales in the region have come down over the past year (down 8 percent) and remain below their 2022 apex, with declines primarily concentrated in the coastal counties. Condominium sales fell more sharply, down 31 percent compared to the same quarter last year. Single-family and condominium real median prices in the region also continued to fall, with declines observed across all Southwest Florida counties. The percentage of total housing units that were actively listed rose year-over-year in almost all counties.
Housing affordability broadly improved in Q2 2025. Lee and Charlotte counties held HAI values above 1.0, while Collier’s index rose to just below parity, though it remains the least affordable among coastal counties. For single-family homes, Lee and Charlotte saw double-digit year-over-year HAI gains; Collier stayed below 1.0 but improved 21 percent. Real median rents fell 4 to 6 percent year-over-year across all three counties, though they remain elevated compared to pre-pandemic levels.
In the commercial sector, property sales and real median prices per square foot continued to decline across almost all property types during Q2 2025, while real median prices per square foot for entertainment properties increased by 9 percent compared to last year.
Other findings from the latest report include:
- Residential property sales for all types declined from Q2 2024 to Q2 2025, including an 8 percent decline in single-family home sales and a 31 percent decrease in condominium sales.
- Real median prices for single-family homes and condominiums in Southwest Florida also declined in Q2 2025, both falling 10 percent from Q2 2024.
- The Housing Affordability Index (HAI) for all residential properties improved across the coastal counties in Q2 2025. Collier County’s HAI rose to 0.99, still just below parity but 20 percent above last year. Lee County’s HAI increased to 1.11, up 11 percent year-over-year. Charlotte County’s HAI advanced to 1.42, 34 percent higher than Q2 2024.
- All major commercial property types experienced declines in sales in Q2 2025. Retail property sales dropped 33 percent, office sales declined by 15 percent, and entertainment property transactions fell by 17 percent compared to Q2 2024.
Downloads:
Southwest Florida Real Estate Third Quarter 2025 Report
Acknowledgments:
This report is the product of a collaborative effort between the Regional Economic Research Institute and the Lucas Institute for Real Estate Development and Finance. We would like to thank the various property appraiser offices for providing the data that made this analysis possible.
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