Charlotte County home prices soften, experts predict rebound

Author: Nancy Semon, Gulfshore Business
Published: Updated:
(Credit: Getty Images)

The median price of single-family homes in Charlotte County continued to soften in July, but real estate experts said there is no cause for alarm and expect the current market correction to stabilize with a return to an upswing forthcoming. 

The median sale price was $355,000, down from June’s $365,000, for 450 closed sales, a 16% year-over-year increase. Meanwhile, there was a 7-month supply of inventory in July. 

Leanne Walker, president of the Punta Gorda-Port Charlotte-North Port-DeSoto Realtors Association, said the local market is “a small pocket.” While sales have dropped and inventory is higher, she said July through September are traditionally slow months due to hot weather.  

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