New Record Breaking Numbers!

In January, I talked about the fact we were headed to a serious seller's market. The numbers seven months ago pointed toward that trend. Who would have thought that just seven months later we would be looking at a record level of reduced inventory here in Cape Coral? By the end of July we fell below 2,000 single family homes on the market! Today, we are clearly below 2,000 single family homes. On some days, the number of pending sales and closed sales in Cape Coral outpaces the number of new listings two to one.

We are in a serious sellers market especially in homes under $250,000. Inventory between $250,000 and $500,000 still remain competitive and balanced. Over $500,000 we still have a way to go!