December Cape Home Prices Hit a New Low – Inventory Steady

December is typically the least active month of the year for obvious holiday reasons. It was my wrong opinion that December 2022 was going to be the low point in this cycle for Cape Coral home prices. Well, December …

Nov. Cape Home Prices Increase, But Inventory Keeps Rising

As anticipated, November home prices witnessed a decent jump in prices, in part due to a $6M home sale which you'll read about herein. Inventory rose for the 5th straight month, and it may not be until the mid-to late …

Cape Home Prices Drop – Inventory Rises To “Neutral” Level

Sometimes I wish I was wrong in my projections, but unfortunately, MLS indicators rarely are wrong. We’ve seen the continuing rise in home inventory, which inevitably leads to lower prices. For the first time in over a decade, October’s …

Cape Inventory Rose in September – A Future Concern?

Slight Drop in Cape Home Prices - Bump in Inventory

As expected, and reported in our last few reports, July experienced the typical summer slowdown in home prices. MLS Pending Home Sales prepared us for prices to fall below the $500K mark, with MLS indicators showing that trend will continue …