Cape Coral real estate inventory
Cape Coral's real estate market has been less than predictable in recent years; we have had our share of ups and downs. As real estate professionals there are ways to track the markets progress and predict the changes to come. This prediction comes in the form of absorption rate. The absorption rate is the rate in which the market absorbs and eliminates inventory. We have broken down Cape Coral price brackets and what it means to buyers and sellers. Homes in Cape Coral with a price ranging from $0 to $150,000 have turned over 4.5 times in the past 12 months and currently, we have 2.6 months of inventory available in that specific price range. Homes in the price range of $150,000 to $200,000 have turned over 2.3 times in…