"September brings equilibrium to Charlotte County's real estate market"
The residential real estate market in Charlotte County, Florida, has reached a balance in September as inventory increased and prices stabilized. Sales for single-family homes, condos, and townhomes were higher compared to August, with the year-over-year increase attributed to the impacts of Hurricane Ian. Sellers are receiving offers close to their asking price, and there has been a significant increase in new listings. The median price for single-family homes decreased slightly, while the median sale price for townhomes and condos increased. Cash buyers accounted for a significant portion of sales, and the time to sell has increased compared to the previous year. Overall, there is a higher supply of inventory in the market.