🏡 Gabriel Martinez, REALTOR®, brings you the latest market trends in Cape Coral, Florida! 🌴
📆 As of August 2023, here's what you need to know:
1️⃣ Months Supply of Inventory: Currently, there's a 4.8 months supply of inventory in Cape Coral. This means that if no new homes were listed, it would take approximately 4.8 months to sell all the existing homes on the market.
📈 Over the last 12 months, the Months Supply of Inventory has seen a remarkable increase of 95.92%. This suggests a growing demand for properties in our beautiful city! 📊
2️⃣ List to Sold Price Percentage: Sellers, rejoice! The List to Sold Price percentage stands at an impressive 97.7%. This indicates that, on average, homes in Cape Coral are selling very close to their listed price. 💰
3️⃣ Median Days on Market: The median days on market is 42, reflecting the average time it takes for a property to sell. This relatively short period signifies a vibrant real estate market and increased buyer interest. ⏳
4️⃣ Median Sold Price: The median sold price in Cape Coral is currently $390,000. This figure represents the middle value of all homes sold in the area, indicating the overall price range in our market. 💵
📢 Whether you're buying or selling, these market trends provide valuable insights into Cape Coral's real estate landscape. Trust Gabriel Martinez, REALTOR®, to guide you through the process with professionalism and expertise. Contact me today to navigate the market with confidence! 🤝