Bonita Springs Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Aug. 6, 2023

Lehigh Acres, FL - R/E Market Report - July 2023

Lehigh Acres, FL - R/E Market Report

Welcome to an insightful exploration of the Lehigh Acres, Florida real estate market – a crucial resource for both discerning buyers and strategic sellers aiming to comprehend the prevailing market dynamics and anticipate potential shifts in the forthcoming year. This analysis offers a meticulous examination of Lehigh Acres' real estate landscape, presenting valuable data-driven perspectives on current trends and plausible future trajectories. For prospective buyers in search of astute investments and sellers seeking to optimize their property transactions, this guide provides an informed foundation to navigate the intricate nuances of this dynamic market with prudence and foresight.

Closed Sales

Let's dive into the world of home sales in Lehigh Acres, Florida for the month of July. During this time, 204 homes were sold. Comparing this to the previous month, June, where 266 homes were sold, we see a decrease of about 23%. Looking back to July 2022, when 235 homes were sold, this year's July sales were down by around 13%. These figures offer valuable insights for anyone interested in understanding real estate trends.

Average Sales Prices

Let's delve into the average sales prices of homes in Lehigh Acres, Florida. In the month of July, the average price for a home stood at $335,619. This showed a slight increase compared to the previous month, June, where the average price was $332,305. This means there was a rise of around 1%, indicating a modest uptick in home prices from June to July.

Now, casting our gaze back to July 2022, the average price was $315,918. When we compare this to the average price of $335,619 in July 2023, there has been an increase of about 6%. These figures underscore the evolving trends in housing prices over the past year, providing valuable insights for those interested in the real estate landscape of Lehigh Acres.

Days on Market (DOM)

Let's take a closer look at the average days on market (DOM) for homes in Lehigh Acres, Florida. In July, homes were on the market for an average of 43 days. This indicated a slight decrease compared to the previous month of June, where the average DOM was 44 days. This translates to a change of about 2%, showing a small reduction in the time it takes for homes to be sold from June to July.

However, when we look back to July 2022, the average DOM was 20 days. If we compare this to the average DOM of 43 days in July 2023, there's been an increase of around 115%. This notable change emphasizes the shift in market dynamics over the past year, which can be valuable information for those seeking to understand the pace of home sales in Lehigh Acres.

Inventory Levels

Let's delve into the housing inventory levels in Lehigh Acres, Florida, which are measured in terms of months of supply. In July, there was a 6-month supply of homes available for sale. This marked an increase from the previous month, June, when the supply of homes listed for sale stood at 4 months. This signifies a change of around 50%, indicating a notable rise in the number of homes available for purchase from June to July.

Turning our attention back to July 2022, the inventory level was at 5 months. If we compare this to the 6-month inventory level in July 2023, there's been an increase of about 20%. These numbers provide valuable insights into the balance between supply and demand in the Lehigh Acres real estate market, serving as crucial information for those looking to grasp the changing dynamics of home availability.

Absorption Rate

 

Absorption rates are an important metric for both sellers and buyers. They can indicate how long the home will be on the market by comparing it to the rate which comparable homes are selling.

 

It also can play into the price of the home. A home in a market with a high absorption rate will command a higher price than the same home in a market with a low absorption rate.

Put simply, the absorption rate is a measure of supply and demand. By taking the number of homes sold in a month and dividing it by the number on the market, you can find a percentage that determines how quickly homes sell. Rates over 20% indicate a hotter real estate market with rising home demand and home prices.

In conclusion, a pivotal factor shaping the Lehigh Acres, Florida real estate market is the absorption rate, which currently stands at approximately 18%. This metric underscores the rate at which available properties are being purchased, reflecting the balance between supply and demand. As buyers and sellers contemplate their strategic moves within this market, the absorption rate serves as a critical indicator of its health and vitality. Whether one is entering the market as a buyer or seller, understanding this metric provides a pragmatic basis for decision-making and underscores the importance of staying attuned to its fluctuations in the dynamic landscape of Lehigh Acres' real estate.

Posted in Lehigh Acres
July 1, 2023

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Lehigh Acres

Posted in Communities
Feb. 21, 2023

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Feb. 14, 2023

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Top 10 communities in Wellington

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Oct. 9, 2022

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           Alfreds Futterkiste                                 Maria Anders                                     Germany                                  
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March 7, 2022

Naples FL Homes for Sale & Real Estate Market Trends - Feb 2022

Naples Pier


Naples FL Real Estate Market Update February 2022

Naples FL is a beautiful place to live, and many people are interested in purchasing property here. The real estate market is constantly changing, and it can be difficult to keep up with the latest trends. However, some generalities can be made about the Naples FL real estate market. For example, prices generally rise during the winter months as more people are interested in purchasing vacation homes. Additionally, the number of homes for sale typically increases during this time as well, giving buyers a wider range of choices. If you’re thinking about purchasing Naples FL real estate, it’s important to stay up-to-date on the latest market trends.

The Naples FL Real Estate Market Report is published monthly and is designed to help buyers and sellers understand the key metrics that drive the market. With data presented in a clear and organized manner, you can easily see how the Naples FL real estate market is doing. You’ll be able to make informed decisions about what actions need to take next for success!

Metrics: Naples FL Real Estate Market Trends - Feb 2022

  • Number of Sales by Month Naples FL - Feb 2022
  • Number of Listings by Month - Naples FL - Feb 2022
  • Avg Days on Market - Naples FL - Feb 2022
  • Months of Inventory - Naples FL - Feb 2022

Number of Home Sales by Month in Naples FL - Feb 2022

In Feb 2022, the number of home sales in Naples FL was 837, 32 fewer homes sold and a 3.7% percent decrease from the previous month (Jan 2022). In the longer term, Home sales in Naples FL were at 1377, one year ago (Jan 2021). That is a 39% decrease.

Bar chart - Naples FL home sales - Feb 2022

Number of Listings by Month in Naples FL - Feb 2022

In Feb 2022, the number of homes for sale in Naples FL was 3505, 397 more homes listed for sale than the previous month (Jan 2022), an increase of 12.4 percent. In the longer term, the number of homes listed for sale in Naples FL was 5503, one year ago (Jan 2021). That is a 36 percent decrease year over year (Feb 2021 compared to Feb 2022).

Bar chart - Homes for sale (listings) - Naples FL - Feb 2022

Average Days on Market by Month in Naples FL - Feb 2022

In Feb 2022, the average days on market was 22 days in Naples FL. That is 1 fewer day than the previous month (January 2022), when the average number of days on market was 23 days. In the longer term, the average number of days on market was 74 days, one year ago (Jan 2021). The difference represents a 70 percent decrease.

Bar chart - Average days on market - Naples FL - Feb 2022

Months of Inventory by Month in Naples FL - Feb 2022

There are four months of real estate Inventory in Naples FL in the current month (February 2022). The inventory level is unchanged from the previous month (January 2022). One year ago, the supply of homes for sale in Naples FL was also at 4 months.

Bar chart - months of inventory - Naples FL - Feb 2022

Naples FL Real Estate Market Statistics - February 2022

STATISTIC

CURRENT MONTH

PREVIOUS MONTH

PERCENT CHANGE

Sales

837

869

Decrease 3.7%

Listings

3505

3118

Increase 12.4%

Avg Days on Market

22

23

Decrease 1 Day

Months of Inventory

4

4

No change

Summary: Naples FL Real Estate Market Trends - February 2022

- Number of Sales in Naples FL - Feb 2022: 837, a 3.7 percent decrease from the previous month (Jan 2022). In the longer term, home sales were 1377 one year ago (Feb 2021), a 39 percent decrease year over year (Feb 2021 compared to Feb 2022).

- Number of Homes for Sale in Naples FL - Feb 2022: 3505 that’s 397 more homes listed for sale than the previous month (Jan 2022), an increase of 12.4 percent. In the longer term, the number of homes listed for sale in Naples FL was at 5503, one year ago (Jan 2021). That is a decrease of 36 percent year over year (Feb 2021 compared to Feb 2022).

- Average Days on Market in Naples FL - Feb 2022: 22 Days, that’s 1 days less than the previous month (Jan 2021), when the average days on market was 23. Looking back one year, the average number of days on market was 74 days.

- Months of Inventory in Naples - Feb 2022: 4 months of inventory in Feb 2022. That is the same inventory level as the previous month (Jan 2022), when there was a 4 months supply of homes listed for sale. The number of months of inventory in Naples was at 4 one year ago (Jan 2021).

The demand side of the equation continues to be very strong. The market continues to favor sellers at this time. If you’re thinking about selling your home in Naples FL, now could be a good time to put your home on the market.

If you’re thinking about purchasing a vacation home in Naples FL, be aware that prices are at record highs and often are not supported by closed sale comparables. I hope this report has been helpful. If you have questions about the Naples FL real estate market or any other real estate market in the area, please contact us.

The information for Naples FL Homes for Sale & Real Estate Trends is provided by the Naples Area Board of Realtors (NABOR) and Southwest Florida Multiple Listing Service (MLS). Information such as square foot median price date, the following property types, single-family, condos, median sale price, home values, new listings, Collier market compared to nearby markets and, average price, are intended as valuable educational programs and deemed reliable but not guaranteed. Information is provided for consumers’ personal, non-commercial use, decimals rounded and, may not be used for any purpose other than the identification of potential properties for purchase. Data courtesy and Copyright 2022 Southwest Florida Multiple Listing Service. All Rights Reserved.

Posted in Market Trends
March 5, 2022

Bonita Springs FL Homes for Sale & Market Trends - February 2022

Collage - 6 images of Bonita Springs FL

Bonita Springs FL Homes for Sale & Market Trends - February 2022

Looking for the most current information on homes for sale in Bonita Springs FL? This market report will give you a snapshot of what is happening right now in the Bonita Springs real estate market. You’ll see both short-term and long-term trends, so you can plan your next move accordingly. Whether you’re thinking of buying or selling, this report has the information you need to make informed decisions.

Key metrics we follow for the Bonita Springs Real Estate Market - February 2022

  • Number of homes sold - Bonita Springs FL - Feb 2022
  • Number of homes for sale (Listings) - Bonita Spring FL - Feb 2022
  • Average days on market - Bonita Springs FL - Feb 2022
  • Months of inventory - Bonita Springs - Feb 2022

Bonita Springs FL Home Sales by Month - February 2022

February home sales in Bonita Springs were down slightly compared to the previous month, January. Homes and condos sold in Bonita Springs were 247 for February 2022, a 2% decrease from the previous month (Jan 2022), when sales were 252. However, compared to one year ago, February 2022 home sales are down significantly. In February 2021, there were 407 home sales in Bonita Springs.

Bar chart - real estate sales in Bonita Springs FL - Feb 2022

Bonita Springs FL Homes for Sale (Listings) by Month - February 2022

In terms of the number of homes for sale in Bonita Springs FL, the real estate market is following its normal seasonal pattern. The number of active listings coming on the market typically increases in the first quarter of the year in anticipation of the influx of people who normally visit the area during the winter months.

In February, the number of housing units on the market in Bonita Springs was 927, a 20 percent increase over the previous month (Jan 2022). Year over year, the number of listings on the market in February 2022 is 35 percent lower than it was in February 2021. Refer to the bar graph below to see both the short-term trend as well as the longer-term trend over the last year.

Bar chart - Homes for sale in Bonita Springs FL - Feb 2022

Bonita Springs FL Average Days on Market - February 2022

Homes for sale in Bonita Springs FL are selling quickly! The average number of days market in February was 18 days. That is 4 days more than the previous month of January 2022, when the average days on market was 14 in Bonita Springs. In the longer term, one year ago, the average days on market in Bonita Springs, FL was 66 days. This shows that the real estate market in Bonita Springs has changed dramatically in the past year. Homes are selling much faster than they were just a year ago. If you are thinking of buying a home in Bonita Springs, you must be prepared to act quickly.

Bar chart - Average days on market - Bonita Springs FL - Feb 2022

Bonita Springs FL Months of Inventory by Month - Feb 2022

In February of 2022, there were 4 months of inventory on the market in Bonita Springs, Florida. This is one month more than in January of 2022 when the supply of homes listed for sale was at 3 months. In February of 2021, the inventory for homes and condos listed for sale was at 4 months. The average number of home sales per month has caused a decrease in inventory over the past year. Homes and condos listed for sale in Bonita Springs FL continue to sell quickly, however real estate Inventory in Bonita Springs FL increased over the past 3 months relative to the rate of average sales taking properties off the market. In December 2021 there was a 2-month supply of homes listed for sale in Marco Island and as of the end of February 2022, there is currently a 4-month supply of homes on the market.

Bar chart - months of inventory - Bonita Springs FL - Feb 2022

Table of Real Estate Statistics - Bonita Springs - February 2022

 

STATISTIC

CURRENT MONTH

PREVIOUS MONTH

PERCENT CHANGE

Sales

247

252

DECREASE 2%

Listings

927

772

INCREASE 20%

Avg Days on Market

18

14

PLUS 4 DAYS

Months of Inventory

4

3

INCREASE 1 MONTH

Summary: Bonita Springs FL Real Estate Market Trends - February 2022

- Number of Sales in Bonita Springs FL - Feb 2022: 247, a 2 percent decrease from the previous month (Jan 2022). In the longer term, home sales were 407 one year ago (Feb 2021), a 39 percent decrease.

- Number of Homes for Sale in Bonita Springs FL - Feb 2022: 927, that’s 155 more homes listed for sale than the previous month (Dec 2021), an increase of 20 percent. In the longer term, the number of homes listed for sale in Bonita Springs FL was at 1,432, one year ago (Jan 2021). That is a decrease of 35 percent.

- Average Days on Market in Bonita Springs FL - Feb 2022: 18, that’s 4 days more than the previous month (Jan 2021), when the average days on market was 14. Looking back one year, the average number of days on market was 66 days.

- Months of Inventory in Bonita Springs - Feb 2022: 3 months of inventory in Feb 2022. That is an increase of one month of inventory over the previous month (Jan 2021), when there was a 3 months supply of homes listed for sale. The number of months of inventory in Bonita Springs was at 4 one year ago (Jan 2021).

The demand side of the equation continues to be very strong. The market favors sellers at this time. If you’re thinking about selling your home in Bonita Springs FL, now could be a good time to put your home on the market.

If you’re thinking about purchasing a vacation home in Bonita Springs FL, be aware that prices are at record highs and often are not supported by closed sale comparables. I hope this report has been helpful. If you have questions about the Bonita Springs FL real estate market or any other real estate market in the area, please contact us.

The information for Bonita Springs FL Homes for Sale & Real Estate Trends is provided by the Marco Island area association and Southwest Florida Multiple Listing Service (MLS). Information such as square foot median price date, the following property types, single-family, condos, median sale price, home values, new listings, Collier market compared to nearby markets and, average price, are intended as valuable educational programs and deemed reliable but not guaranteed. Information is provided for consumers’ personal, non-commercial use, decimals rounded and, may not be used for any purpose other than the identification of potential properties for purchase. Data courtesy and Copyright 2022 Southwest Florida Multiple Listing Service. All Rights Reserved.

Posted in Market Trends
Feb. 8, 2022

Wellington FL Real Estate Market Trends - Jan 2022

Collage of scenes in Wellington FL

Wellington is a great place to buy a vacation home. Wellington has many beautiful horse farms, and world class polo facilities. Wellington is known as the Winter Equestrian Capital of the World because of all the horse shows that take place in Wellington during our South Florida winter season. If you are thinking about buying or selling a Wellington home, please contact us for more information about the Wellington FL Real Estate market.

The Wellington FL Real Estate market report is designed to help buyers and sellers understand the Wellington FL real estate market drivers. The Wellington FL market metrics we follow monthly are; number of Wellington home sales, the number of Wellington homes and condos that are listed for sale, Wellington average days on market and Wellington current real estate inventory of homes on the market. 

  • Number of Sales in Wellington FL - Jan 2022
  • Number of Homes for Sale in Wellington FL - Jan 2022
  • Avg Days on Market in Wellington FL - Jan 2022
  • Months of Inventory in Wellington FL - Jan 2022

Wellington FL Home Sales by Month - January 2022

In January 2022, home sales in Wellington FL were 174 for the month, a 31% decrease from the previous month (Dec 2021). In the longer term, homes sales were 205 one year ago (Jan 2021), a 15 percent decrease.  

Bar chart of Wellington FL homes sales - Jan 2022

Wellington FL Homes for Sales (Listings) by Month - January 2022

 In Jan 2022, the number of homes for sale in Wellington FL was 297, that’s 42 fewer homes listed for sale than the previous month (Dec 2021), a decrease of 12.4 percent. In the longer term, the number of homes listed for sale in Wellington FL was at 581, one year ago (Jan 2021). That is a decrease of 49 percent.

Bar chart of Wellington FL - number of listings - Jan 2022

Wellington FL Average Days on Market by Month - January 2022

In January 2022, the average days on market for homes in Wellington was 39, that’s 11 days fewer than the previous month (Dec 2021), when the average days on market was 50. Looking back one year, the average days on market was 66 days.

Bar chart of average days on market - Wellington FL - January 2022

Wellington FL Months of Inventory by Month - January 2022

In Wellington FL, the number of months of inventory was 2 in January 2022. That is up one from the previous month (Dec 2021), when there was a 1 months supply of homes listed for sale.  The number of months of inventory in Wellington FL was at 3 one year ago (Jan 2021). The chart below shows real estate inventory levels for Wellington FL over the past 13 months.

The real estate industry measures inventory levels in one month increments. That is determined by how many months it would take to sell off the inventory of homes that are listed for sale on the market based on the average rate of sales by month. In Wellington FL, there are currently 297 homes for sale. That is a 2 month supply based on how fast homes are selling in the Wellington FL real estate market. 

If you’re thinking about purchasing a vacation home in Wellington FL, click here to search for homes and condos for sale in Wellington FL.

Statistic

Current Month

Previous Month

Increase/Decrease

# of Home Sales

174

253

Decrease of 31%

# of Listings

287

339

Decrease of 12%

Avg Days on Market

39

50

Decrease of 11 days

Inventory

2

1

Increase of 1 month

Summary:  Wellington FL Real Estate Market Trends - January 2022

- Number of Sales in Wellington FL - Jan 2022: 174, a 31% decrease from the previous month (Dec 2021). In the longer term, homes sales were 205 one year ago (Jan 2021), a 15 percent decrease.

- Number of Homes for Sale in Wellington FL - Jan 2022: 297, that’s 42 fewer homes listed for sale than the previous month (Dec 2021), a decrease of 12.4 percent. In the longer term, the number of homes listed for sale in Wellington FL was at 581, one year ago (Jan 2021). That is a decrease of 49 percent.

- Avg Days on Market in Wellington FL - Jan 2022: 39, that’s 11 days fewer than the previous month (Dec 2021), when the average days on market was 50. Looking back one year, the average days on market was 66 days.

- Months of Inventory in Wellington FL - Jan 2022: 2 in January 2022. That is up one from the previous month (Dec 2021), when there was a 1 months supply of homes listed for sale.  The number of months of inventory in Wellington FL was at 3 one year ago (Jan 2021).

The demand side of the equation continues to be very strong.  The market favors sellers at this time.   If you’re thinking about selling your home in Wellington FL, now could be a good time to put your home on the market.

If you’re thinking about purchasing a vacation home in Wellington FL, be aware that prices are at record highs and often are not supported by closed sale comparables. hope this report has been helpful.  If you have questions about the Wellington FL real estate market or any other real estate market in the area, please contact us.

 

Posted in Market Trends
Feb. 7, 2022

Naples FL Real Estate Market Trends & Homes for Sale - Jan 2022

Naples Pier

Naples FL Real Estate Market Report - January 2022

Naples FL is a beautiful oceanfront city on the Gulf of Mexico that is well-known for its luxury shopping, top-rated golf courses, white sand beaches, and exquisite dining. Naples FL real estate offers something for everyone whether you are looking for a primary residence, secondary home, rental properties or investment property for your real estate portfolio. In January 2022, the Naples FL real estate market continued to be strong with a little over 3,000 homes and condos listed for sale. This is an increase from last year at this time when there were 1,700 Naples FL homes for sale. The median closed price for single-family homes in Naples FL was $695,000 in January 2022 which is a 26% increase from last year. If you are considering purchasing a Naples FL home or condo, we hope you will subscribe to our newsletter and learn what is going on in the Naples real estate market as well as the surrounding communities.

Naples FL Real Estate market report is designed to help buyers and sellers understand the Naples FL real estate market drivers. The Naples FL market metrics we follow monthly are; number of Naples sales transactions, the number of Naples homes and condos that are listed for sale, Naples average days on market and Naples current real estate inventory of homes on the market. Naples is a great place to buy a vacation home. If you are thinking about buying or selling a Naples home, please contact us for more information about the naples FL Real Estate market.

Naples FL Real Estate Trends and Statistics - January 2022:

  • Sales activity reported - Naples FL
  • Number of Listings - Naples FL
  • Avg Days on Market - Naples FL
  • Months of Inventory - Naples FL

Naples FL - Number of Sales by Month - January 2022

Sales activity decreased by 24% in Naples FL in the current month. January sales activity reported, was 869 homes sold. That is 281 fewer sales than the previous month (Dec 2021), when 1,150 homes sold. One year ago (Jan 2021), the number of home sales in Naples FL was 1,161, Compared to Jan 2022, that is a 25 percent decrease.

Despite January sales activity showing a decline from the previous month, low inventory and high demand continues throughout Southwest Florida. These are the main factors that continue to push home prices higher.

Bar chart - Number of Sales in Naples FL - Jan 2022

Naples FL - Homes for Sale by Month - January 2022

For January 2022, there were 3111 homes for sale in the Naples real estate market, a 14 precent increase over the previous month. In December 2021, there were 2,728 active home listings on the Naples real estate market. When we compare Jan 2022 to Jan 2021, we see that there were 5,553 homes for sale or new listings on the market in Collier County, one year ago.

The Naples real estate market realized a small increase in the number of new listings coming on the market in January compared to the previous month. However, a year ago(Jan 2021), there were nearly 2500 homes for sale in the Naples

Bar chart - Number of listings in Naples FL - Jan 2022

Naples FL - Average Days on Market by Month - January 2022

In January, the average days on the market was 23 days, that is 3 days fewer than the previous month (Dec 2021), when average days on the market in Naples was 26. As the chart below clearly shows, average days on the market has declined steadily over the past year, primarily due high demand and low inventory. One year ago (Jan 2021), average days on market was 79, that is 56 fewer days on market.

Bar chart - Average day on market in Naples FL - Jan 2022

Naples FL - Real Estate Market Inventory by Month - January 2022

In Naples FL, there is a 4 month supply in the number of homes for listed for sale in Naples FL. That is up from the previous month (Dec 2021), when the supply of properties on the market was at 2 months. As the chart below shows, the inventory level was at 5 months, one year ago. Despite the fact that the number of homes for sale in Naples, increased in Janaury, market conditions favor seller’s.

Bar chart - Real estate inventory in Naples FL -Jan 2022

The real estate industry measures inventory levels in one month increments. That is determined by how many months it would take to sell off the inventory of homes that are listed for sale on the market based on the average rate of sales by month. In Naples FL, there are currently 3,011 housing units for sale. That is a 4 month supply based on how fast homes are selling in the Naples FL real estate market.

Naples FL - Real Estate Market Statistics - Jan 2022

STATISTIC

CURRENT MONTH

PREVIOUS MONTH

CHANGE

Home Sales

869

1,150

Decrease - 24% 

Homes for Sale

3,118

2,734

Increase - 14% 

Avg Days on Market

23 Days

26 Days

Decrease -3 Days 

Inventory

4

2

Increase - 2 Months

Summary: Naples FL Real Estate Market Report - January 2022

In summary, demand for homes in Southwest Florida, and the Naples area in particular, continues to be strong. Tight inventory continues to push home prices higher in the short term. Buyers can expect prices to be at premium levels, until more inventory comes on the market and begins to outpace the flow of inventory that is being purchased.

Information source: Broker analysts reviewing January 2022 Market Report published by the Naples Area Board of Realtors (Nabor),which tracks home listings and sale in Collier County (ecluding Marco Island).

Posted in Market Trends