Cape Coral Real Estate Market | Homes for sale in Cape Coral FL | Housing Report Dec. 2020 Cape Coral real estate housing market was up in sales compared to last year same month by +19.2%. December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low-interest rates, continues to drive a healthy sales pace in the face of a new wave of infections and a softening jobs market.
New Listings In Cape Coral decreased -5.9% for Single Family homes and -8.9% for Townhouse/Condo homes in Cape Coral FL. Pending Sales in Cape Coral increased +111.6% for Single Family homes and +115.6% For Townhouse/Condo homes. Inventory decreased -70.2% for Single Family homes and -38.5% for Townhouse/Condo homes.
Median Sales Price increased $285,000 | +14.2% for Single Family homes and $205,000 | +16.8% for Townhouse/Condo homes. Days on Market for the median is 11 days and for the average is 40 days for Single Family homes. Months Supply of Inventory for Single Family homes is 1.1 | -75.0% month if you take the new construction will be in the 0.3 months of supply.
With low mortgage rates and strong buyer demand in most market segments, the housing market of early 2021 looks to continue the trends we saw in the second half of 2020. Low inventory and multiple offers on in-demand properties and market segments are likely to remain common while the market waits and hopes for a boost in new construction and a surge in home sellers to help provide more balance to the market. subscribe to my channel for more Cape Coral fl real estate housing report. Want to retire in paradise?
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