After eighteen months of slow rebalancing, Cape Coral has quietly tightened back into the strongest single-family market in Southwest Florida.
That's the simplest way to read the April 2026 numbers, especially when you put them next to where the market sat twelve months ago. More buyers showed up. More deals closed. Fewer homes hit the market. And sellers held closer to their asking price than they have in over a year. The early May data, with three weeks of closings already in the books, points in the same direction.
Here is what the data actually says.
Single Family Homes, April 2026
The numbers in one place:
| Metric | April 2026 | vs March 2026 | vs April 2025 |
|---|---|---|---|
| Median Sale Price | $381,000 | ▲ 4.4% | ▲ 1.6% |
| Closed Sales | 552 | ▲ 5.5% | ▲ 12.0% |
| Median Days on Market | 44 | ▲ 1.1% | ▼ 16.2% |
| List Price Received | 97.3% | ▲ 0.5% | ▲ 0.6% |
| Median $/SqFt | $221 | ▲ 5.2% | ▼ 0.9% |
| New Listings | 774 | ▲ 1.4% | ▼ 9.9% |
| Active Inventory | 2,584 | ▼ 3.0% | ▼ 26.6% |
| Months Supply | 4.7 | ▼ 8.1% | ▼ 34.5% |
Source: Florida Gulf Coast MLS via Domus Analytics, updated 05/25/26.
The year-over-year columns are the headline. Closed sales up 12 percent. Active inventory down 26.6 percent. Months of supply dropped from 7.1 a year ago to 4.7 today. That is not a small shift. The market has moved out of buyer-friendly territory and back toward balanced.
A few things worth pulling out:
Days on market dropped from 53 to 44. Cape Coral single-family homes are selling about nine days faster than they did a year ago. For a seller, that's a meaningful psychological difference. The market is rewarding correct pricing again.
List price received climbed to 97.3 percent. Sellers are getting back almost everything they ask. It's the highest list-received ratio Cape Coral has seen in over twelve months, a signal that pricing strategies are tightening across the board, not just on individual listings.
4.7 months of supply puts Cape Coral on the edge of balanced. The classic real estate framework calls 0 to 3 months a strong seller's market, 4 to 6 balanced, and 7 or more a buyer's market. Cape Coral spent most of 2025 well into buyer's-market territory. Today's reading is balanced, and tightening.
Condos: A Completely Different Story
If you only glance at the headline median, Cape Coral's condo market looks flat. The full picture is more interesting.
| Metric | April 2026 | vs March 2026 | vs April 2025 |
|---|---|---|---|
| Median Sale Price | $210,000 | ▼ 2.3% | ▼ 5.6% |
| Closed Sales | 71 | ▼ 1.4% | ▲ 24.1% |
| Median Days on Market | 72 | flat | ▲ 2.9% |
| List Price Received | 94.5% | ▲ 0.4% | ▲ 0.5% |
| Median $/SqFt | $166 | ▲ 3.1% | ▼ 9.3% |
| Active Inventory | 399 | flat | ▼ 21.0% |
| Months Supply | 5.5 | flat | ▼ 36.4% |
Source: Florida Gulf Coast MLS via Domus Analytics, updated 05/25/26.
