Cape Coral-Fort Myers housing shifts to buyers' market

"The Cape CoralFort Myers-Naples, FL metro housing market has moved into buyer-favorable territory, with homes taking a median 119 days to sell, 54% longer than the national median of 77 days, according to HousingWire Data for the week ending Nov. 14, 2025. Single-family inventory in the Cape Coral metro reached 7,910 active listings with 4.6 months of supply, positioning the market well above both Florida's 3.3-month average and the national 2.7-month level."

"Weekly market activity showed 369 new listings entering the market while 444 homes were absorbed, creating a net reduction in active inventory. Despite this weekly absorption exceeding new listings, the 4.6 months of supply indicates accumulated inventory from previous periods continues to provide buyers with expanded choices. The relisting rate of 9.8% suggests most sellers remain committed to their initial listing attempts rather than pulling properties off-market for re-strategizing."

"More than one-third of active listings, 36.9%, reduced their asking prices during the week, while only 1.6% increased prices. The median list price of $454,000 sits 6.4% below Florida's statewide median of $485,000, though price per square foot at $251.7 closely aligns with the state's $250.5. This pricing dynamic, where overall prices trail state levels while per-square-foot values remain comparable, reflects the specific housing stock and market conditions unique to the Cape CoralFort Myers area."

Median selling time is 119 days, which is 54% longer than the national median of 77 days and three weeks longer than Florida's 98-day median. Single-family inventory stands at 7,910 active listings, providing 4.6 months of supply compared with Florida's 3.3 months and the nation's 2.7 months. Weekly activity added 369 new listings while 444 homes were absorbed, producing a net reduction but leaving accumulated inventory. Relisting rate is 9.8%, indicating most sellers stay on market. Price reductions affected 36.9% of listings, median list price is $454,000, and price per square foot is $251.7.

Read at www.housingwire.com