Fort Myers housing market update: softer prices, improving buyer activity
Fort Myers, FL – February 28, 2026 – Buyers still have leverage with higher supply, but pending sales are rising and days on market are falling.
Fort Myers real estate is still leaning toward buyers, with pricing below last year even as demand shows early signs of improving heading into spring. Negotiation remains common, but some indicators suggest activity is picking up compared with the same time last year.
Top takeaways
- Median pricing is in the mid-$300Ks and remains down year over year.
- Pending sales are up sharply year over year, which can be a lead indicator for upcoming closings.
- Inventory is still elevated, keeping price adjustments and concessions in play for many listings.
Market snapshot
A February 2026 local market recap cited a $350,000 median sale price (-7.9% YoY), 588 pending sales (+29.5% YoY), about 7.7 months of supply, and 43 median days on market. Redfin’s city tracker showed a similar median sale price ($341,500 for January 2026). In the same tracker, homes were selling for about 94.8% of list price, and roughly 34.1% of listings showed price drops.
Taken together, those numbers point to a market where buyers still have room to negotiate (especially when price drops are already on the table), while the year-over-year gain in pending sales hints at improved buyer participation compared with last year.
What’s for sale right now
Zillow’s active search page showed about 4,919 results, ranging from lower-cost condos/manufactured homes under ~$100K to mid-$200Ks–$300Ks single-family options, plus higher-end homes in the $700Ks+ range. With a broad mix like this, the best comparisons usually come from narrowing by property type, neighborhood, and monthly carrying costs—not just the list price.
- Compare list-to-sale pricing (about 94.8% of list) alongside recent price drops (about 34.1%).
- Factor in HOA and insurance costs when weighing a lower list price vs. total monthly spend.
- Use days on market (43 median days in the local recap) as a clue to negotiation leverage on a specific listing.
What are you noticing lately: more price cuts, stronger open house traffic, or buyers holding off for lower rates?