Marco Island Florida – December 1, 2019 Inventory Analysis

Marco Island Inventory levels are Up 13% from this time last year.  There are 993 properties currently for sale on the island; 311 homes, 384 condos, and 298 lots.  Condo inventory is up 19% from this time last year, while the inventory of homes is up 10% and lot inventory is up 9%.  The number of Pending Home sales is up 29% compared to last year, Pending Condos are down 31% and the number of Pending Lots is down 27%.  The total number of all pending units is down 8% compared to last year with 77 properties now under contract vs. 84 on January 1, 2018. There were 61 closings of Marco Island properties in the last month and 54 net new pending sales accounting for the decrease in total pending units from 84 last month to 77 currently.