Inventory levels of single-family homes, condos and townhomes fell in May, which is common for this time of year, said Anthony Antuono who serves as this year’s president of the Realtors of Punta Gorda-Port Charlotte-North Port-DeSoto Inc.
Activity usually picks up again late in the fourth quarter; however, as an independent broker at RE/Max Harbor Realty, Antuono said he’s been observing steady transactions over the spring and early summer.
“We’re in a very neutral market and are back at the 2018-2019 pre-pandemic market,” he said.
The latest statistics available from the Realtors association are from May, when there were 562 closings for single-family homes versus 531 in April – a 4.9% increase from May 2025. The median sale price of $351,000 in May was up 8% from the previous year, and sellers were getting 93.8% of their original list price.
Meanwhile, the inventory level for single-family homes was down 33.7% from May 2025, leaving a 5.9-month supply, putting the market in neutral territory. Antuono said the market favors sellers once inventory falls to a three-month supply, as was the case during the COVID-19 pandemic of 2020. But even though Charlotte County’s real estate is in neutral territory, there have been instances of multiple offers and escalation clauses in buyers’ offers, he said.
Anthony Antuono
Factors that will move the market in either direction include hurricanes, interest rates and new home construction, Antuono said. Should interest rates fall, more buyers will enter the market, while hurricanes might drive buyers away.
If builders slow down their construction in new developments, buyers will turn to the resale market and draw down inventory further.
There were fewer closings in May for condos and townhomes – 127 versus 154 in April, but there was a 19.8% increase in sales from May 2025. The median sale price of $255,000 in May was up 9.4% from the previous year, and sellers were getting 90.1% of their original list price.
The inventory levels for condos and townhomes were down 44.1% from May 2025, leaving a 7.6-month supply that slipped from 8.2 months of inventory in April. Sales of condos and townhomes have faced other pressures which has made it harder for the market to rebound the way it has for single-family homes.
Shauna Platt
Hurricane damages from storms over the last several years and higher insurance rates caused homeowner associations to raise fees, causing some to sell their units.
Although the Canadian dollar remains weak – 76 cents on the U.S. dollar, Canadians continue to buy in Florida, and many own a second home in Charlotte County, said Realtor Shauna Platt of RE/Max Palm Realty. Their numbers dwindled during the pandemic when many chose to remain up North, but despite additional paperwork required by them to enter the U.S. in a changing political climate, they continue to arrive, Platt said.
“There are still plenty of Canadian buyers and a lot of renters; 38% of my customer base is comprised of Canadians,” she said.
For decades, Charlotte County has had a large number of Canadian property owners who spend their winters here. Many live in the Maple Leaf Golf & Country Club community on Kings Highway in Port Charlotte, Platt said.