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Southwest Florida New Home Sales Slow in 2016

Photo: Flickr Creative Commons

A recent real estate study focused on the new-home market in Southwest Florida shows growth in Lee County but a surprising slow-down in Collier County.

Metrostudy crunches construction starts and home sales data every quarter. A report released this month on the fourth quarter of 2016 showed southern Collier County is sitting with hundreds of new homes that are yet to sell.

Tuesday at 1:30 p.m., report author David Cobb discusses whether the slow down in new-home sales is a harbinger of things to come, if there’s a possibility of another real estate bubble, or if this is just a blip.

Matthew Smith is a reporter and producer of WGCU’s Gulf Coast Live.