Cape Coral - Fort Myers Real Estate Market November 30, 2022

October Sales: Despite a Category 4 Hurricane, we soldier on…

Even despite Hurricane Ian: in October, our local market continues to demonstrate a move to normalization. There is more inventory on the market; with time on market hovering around the 1 month period. These two year-over-year trends point to more home buying options for buyers. At the same time, we continue to experience a shortage in housing that we were subject to prior to Ian. So, homeowners continue to recognize a return on their investment of over 15% year-over-year. It still remains a good time to sell. In summary, it appears that we continue on a path towards a balanced real estate market.

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