Marco Island Market Trends
February 2025

Market Type: Buyer's Market

The buyer's market continues, with some intriguing data points. Months of inventory and median days on market both increased, while the sold to list price ratio remains fairly stable with only a slight downward trend, however, median sold price has jumped to a 5-year high, and continues its month-to-month upward trend since October of last year.

Key Metrics:

• Months of Inventory: 11.3
  The months of inventory on the market has continued to rise, seeing an increase of 10.57% from January’s figures, and previously an increase of 10.93% from December to January. This is an important trend to take note of, and provides buyers with more options and flexibility.

• Sold to List Price Ratio: 92.9%
  We see another slight month-over-month decrease of 0.46%, compared with last month’s dip of 0.2%. These aren’t large changes, but the trend is clear: buyers are continuing to secure properties roughly 7% below the list price.

• Median Days in RPR: 68
  We see an increase of 11.48% for days on market, a key indicator for a buyer's market.

• Median Sold Price: $1,450,000
  The median sold price has gone up 22.88% from last month. If we look at the data broadly we see this is the highest monthly median sold price for Marco Island in the last 5 years:

What This Means for You:

• Home Buyers: This continues to be a great time to explore the market, with buyers purchasing homes, on average, for 7% below list price, and more inventory available to browse.

• Home Sellers: Even though the market now favors buyers, well-presented and competitively priced homes continue to draw interest, with last month achieving the highest median sale price seen in the past five years, while also increasing every month overall since October of 2024. To stand out, it's crucial to price strategically and highlight your home’s best features

• Investors: The current market remains ripe with opportunities for investors. As inventory grows, investors benefit from a wider selection and stronger negotiation power, enabling acquisitions at potentially below-list prices.

Interest Rates:
What can we expect this year?

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