The Cape Coral, FL metro area housing market in February 2025 presents a complex landscape, characterized by a mix of rising and falling metrics. The Median Sales Price has increased by 1.3% year-over-year, reaching $390,000. This modest rise suggests a slight appreciation in home values despite broader market challenges.

Conversely, the Median List Price has decreased by 2.1% year-over-year, now standing at $429,999.50. This decline indicates potential adjustments by sellers in response to changing market conditions. The median Price Per Square Foot has also seen a decline of 4.1%, now at $229.81, while the Median List Price per square foot has increased by 1.1% to $257.43, reflecting a nuanced pricing strategy among sellers.

The number of Homes Sold has dropped significantly by 13.6% year-over-year, totaling 1,293 units. Pending Sales have also decreased by 11.0%, with 2,139 transactions in the pipeline. Despite these declines, New Listings have increased by 4.5%, reaching 3,266, suggesting that sellers are still entering the market, potentially driven by the increased inventory, which has surged by 27.2% to 13,460 homes.

The Months of Supply have seen a dramatic increase of 330.0%, now at 10.4 months, indicating a shift towards a buyer's market. Homes are taking slightly longer to sell, with the Median Days on Market increasing by 2.0% to 67 days.

The average sale to list ratio has decreased by 0.8%, now at 95.5%, and the percentage of Homes Sold above list price has fallen by 1.8% to 6.6%. These figures suggest that buyers are gaining more negotiating power. Additionally, Price Drops have increased by 3.5%, affecting 40.9% of listings, while the percentage of homes going off market in two weeks has decreased by 3.3% to 18.1%.

Overall, the Cape Coral housing market in February 2025 is characterized by increased inventory and longer selling times, with sellers adjusting prices to align with buyer expectations. The market dynamics suggest a shift towards more favorable conditions for buyers, as evidenced by the increased Months of Supply and declining sales metrics.