Southwest Florida Market Update

by Jennifer Paulke

Here's your Market Update for single-family homes in the Cape Coral-Fort Myers area. In August, the median sale price for single-family homes decreased to $370,000, which is down 5.1% from a year ago. The active inventory of homes on the market is 16% higher than last year, with 7,704 homes on the market in August.. There were 1,342 new pending sales in August, representing an increase of 14% from last year.

Here's what you should know about Southwest Florida's current real estate market: With rising inventory, extended days on the market, and more listings with price reductions, buyers do hold some extra power. If you're thinking of relocating to the Southwest Florida area, now is a great time to negotiate a deal with an anxious Seller. If you are thinking of selling your home in this market, you may need to adjust your expectations. Homes priced aggressively are more likely to sell quicker than overpriced homes. Homes that are updated and have good curb appeal also sell quicker than homes with deferred maintenance.

If you're looking to purchase a home, we can connect you with great lenders who will work to find the best loan package for you. We also guarantee that we will work hard to find properties with motivated sellers.