Real estate statistics can tell two very different stories depending on which numbers you choose to emphasize. Inventory is falling. Pending sales are improving compared with last year. Price reductions are slowing. At first glance, that sounds like the Lee County housing market is strengthening quickly. Today AI goes inside the numbers to discover hidden trends lurking in the market.
The deeper story is more complicated.
AI Goes Inside the Numbers
Using artificial intelligence to compare the relationships between inventory, pending sales, pricing and market time reveals that the market is improving—but much of that improvement is coming from sellers leaving the market, not from a dramatic surge in buyer demand.
As of July 7, 2026, Lee County had approximately 6,459 active single-family homes for sale. That is down about 21% from the same time last year. Pending and contingent single-family sales increased about 9%, while the Ellis Team Current Market Index improved from 4.91 last July to 3.56 today. Because a lower index indicates a stronger market, this is meaningful progress.
However, today’s market looks much more like July 2024 than the fast-moving markets buyers and sellers experienced several years ago. Total inventory is almost identical to July 2024, while pending activity is slightly lower. In other words, the market has recovered from the inventory buildup of 2025, but it has not returned to boom conditions.
Hidden Trends
One of the most revealing trends occurred between May 5 and July 7. Total active inventory fell about 13.4%, but pending sales also declined about 12.2%. If buyers were rapidly absorbing available homes, pending sales should have held steady or increased as inventory declined. Instead, both moved lower together.
That suggests many listings expired, were withdrawn, were canceled or were temporarily taken off the market. The market is healing through a combination of buyer activity and seller attrition. This makes sense because the Market Spread Index is nearing that critical 4,800 mark while the Current Market Index has not yet reached 3.0
Price range also matters more than the countywide averages suggest. In the April snapshot, homes priced under $300,000 had approximately 4.1 months of supply. Homes between $300,000 and $400,000 had about 5.5 months. Inventory rose to nearly 6.8 months between $400,000 and $800,000, 8.7 months between $800,000 and $1 million, and approximately 12 months above $1 million.
That means there is no single Lee County market. A well-maintained home under $400,000 may face relatively balanced conditions, while a luxury seller could be competing against a full year of inventory.
Invisible Listings
The lower price ranges contain another warning. Nearly 29% of homes priced below $300,000 had been on the market longer than the average selling time. Lower price alone does not guarantee a sale. Buyers may still reject homes because of condition, insurance costs, flood exposure, high association fees, financing issues or unrealistic pricing.
Price reductions remain an important signal. During the week ending July 7, approximately 470 single-family listings reduced their asking price. That represents about one out of every 14 active single-family listings. The average reduction was approximately 2.9%.
For sellers, the lesson is straightforward: conditions are better than last year, but the market is still punishing overpricing. Pricing correctly from the beginning matters because buyers can compare more listings, study price histories and identify homes that have been sitting.
Opportunity Depends on Data
For buyers, opportunity depends heavily on the price range and location. Negotiating leverage is generally stronger at higher prices and in slower areas, while appealing lower-priced homes may still attract competition.
The market is not crashing, and it is not booming. It is normalizing. The winners will be buyers and sellers who understand that the headline numbers are only the beginning of the story.
Are you thinking of selling your home? Always call the Ellis Team at Keller Williams. 239-489-4042 We’ll give you the straight scoop on what the market is doing, and the best way to attack the market.






