In Cape Coral we have trended from an over abundance of housing inventory to some of the lowest levels in years. The reason for this change is simple. The home prices have fallen; interest rates are low, giving that little push to buyers that were on the fence. Investors are also doing their part; scooping up the last of the “bargains” making it a bit more challenging for the everyday consumer.
We can further analyze this by the absorption rate, the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. Currently there are 17 weeks of single family homes on the market. What does that mean to you?
Buyer’s Market: Over 7 months of supply
Balanced/Transitional Market: 5 to 7 months of supply
Seller’s Market: Less than 5 months of supply
It looks like there is no better time than now to purchase that new homes, vacation home or investment property in Cape Coral FL. Call us now and we can help you find that perfect property.