Cape Coral April Market Update – Josh Bohling - LPT Realty SW FL

🌴 SW Florida April Market Update Cape Coral – Josh Bohling - LPT Realty SW FL

April in Southwest Florida marks the last month of our peak season, as perfect weather, bustling activity from "snowbirds," and motivated buyers create a dynamic real estate environment. While national headlines continue to discuss market adjustments, it's important to focus on what's happening locally. Following a period of rapid expansion, the market has found its footing: prices have stabilized, insurance costs have leveled off, and we're seeing more informed buyers navigating a healthier inventory landscape.

But the local Cape Coral numbers paint the true picture...

Cape Coral Single-Family Homes

• Median Sales Price: $395,000 (Down 1.3% vs. last year)
• Closed Sales: 432 (Up 4.4% vs. last year)
• Active Inventory: 2,871 (Down 22.5% vs. last year!)
• Months Supply of Inventory: 6.6 (Down 26.7% vs. last year!)

Takeaway: The Cape Coral single-family home market is experiencing a significant tightening of inventory, down nearly 23% compared to last year. While median sales prices have slightly decreased by 1.3%, the months supply of inventory has dropped to 6.6 months, indicating a shift towards a more balanced market. With fewer homes available, buyers need to be prepared to act decisively.

Cape Coral Condos & Townhouses

• Median Sales Price: $255,000 (Down 3.8% vs. last year)
• Closed Sales: 91 (Up 8.3% vs. last year)
• Active Inventory: 627 (Down 17.8% vs. last year!)
• Months Supply of Inventory: 6.9 (Down 25.0% vs. last year!)

Takeaway: The condo market in Cape Coral is seeing a strong surge in activity. Closed sales are up 8.3% year-over-year, while active inventory has plummeted by 17.8%. This combination of increased demand and reduced supply has driven the months supply down to 6.9 months. This is a great opportunity for sellers to capitalize on the heightened buyer interest.

What Does It All Mean?

The Cape Coral market is showing clear signs of tightening inventory across both single-family homes and condos. With active listings down significantly, buyers are facing less competition, which is driving up sales activity, particularly in the condo sector. For sellers, this reduced inventory presents a favorable environment to list your property. For buyers, it's crucial to have a knowledgeable agent to help you navigate this competitive landscape and secure the right home.

If you're thinking about buying or selling in Cape Coral, let's talk. I can provide you with a personalized analysis of your property and help you make the most of this dynamic market.

Josh Bohling
REALTOR® | LPT Realty
239-320-5326
josh@sellmyhouseswfl.com
www.sellmyhouseswfl.com