Southwest Florida Housing Market Correction and Rebound Signals

SWFL remains in uneven stabilization rather than a broad crash: Lee County sales are improving, Naples is segmented, and Fort Myers Beach is a pronounced buyer's market with 18.6 months of supply and a reported 19.26% year-over-year median-price decline. Apartment vacancies reportedly reach 20%-30%, with falling rents and concessions improving renter leverage while affordability remains strained. Estero's 296-unit mixed-use project has begun vertical construction, while Naples' proposed $294.1 million budget and higher millage could affect ownership costs and services.