Agents say Cape Coral’s housing market is correcting, not crashing
By: Jonathan Delozier | Published: 2025-07-08 22:10:00 | Source: www.housingwire.com
Pandemic-era growth unsustainable
Cape Coral saw a meteoric rise in home prices during the COVID-19 pandemic — driven by remote work, low mortgage rates and a migration wave from northern states.
According to Redfin, the median home sale price in the Cape Coral-Fort Myers metro area jumped nearly 75% from early 2020 to mid-2022, peaking at $441,000 in April 2022.
That surge made the area one of the fastest-appreciating housing markets in the country. A pullback was not only expected — it was inevitable.
“Yes, we have a lot of inventory and interest rates are high,” said Yisbel Bera, a Cape Coral-based agent with eXp Realty-affiliated Kingdom Group. “Now, there’s an adjustment that has to happen, because the prices between 2020 and 2022 were unreal and not…
