This is an email that I sent to one of the owners that I am working with to sell their house. They requested some data to understand if they should lower the price or just wait. I think that it obvious that the market is in decline and will continue that way for some time.
Good morning!
Attached are the sales data and graph for the median home sales in Cape Coral from 1/1/23 to today. The graph will show you that there has been a steady decline since Jan 2024. This will likely continue for another 6 - 12 months before flattening. From thew data table it appears that we are losing about $15,000/year or $1,250/month.
Please let me know if there is any other info that I can provide.
