June 2025 Market Update: Fort Myers, Cape Coral & Naples
If you’ve been keeping an eye on the real estate market in Southwest Florida, you’ll notice things are shifting, just not in the way many expected. Let’s break down what’s happening in Fort Myers, Cape Coral, and Naples as we compare May 2025 to the same time last year.
In Fort Myers, the median sales price has dipped 6.9%, falling from $499,450 in 2024 to $465,000 today. But despite the price drop, closed sales are actually up 2.5%, rising from 1,260 to 1,291. That means more homes are selling, just at slightly lower prices. Sellers are still getting nearly what they ask for, with the list price received remaining steady. One of the biggest changes is in new listings, which are up 14.8%, jumping from 2,250 to 2,583. While it may seem like the market is becoming more saturated, the months’ supply of inventory tells a different story: we’ve gone from 10 months of inventory in January 2025 to just 6.1 months by the end of May. That’s a strong indicator that demand is catching up.
Over in Cape Coral, we’re seeing an even bigger drop in the median sales price—down 7.2%, from $409,500 to $379,900. Unlike Fort Myers, closed sales are down—about 6.9% year over year. Interestingly, while sales are down, new listings are also slightly down, just 0.5%, with 4,497 last year compared to 4,474 this year. Even with fewer new listings, the months’ supply of inventory has declined significantly, from a peak of 13.4 months in January to 6.2 months today. That’s a substantial shift and could point to a more balanced market emerging.
Meanwhile, Naples has seen a more moderate 5.5% decrease in median sales price, dropping from $855,000 to $808,000. One of the more notable shifts here is in days on market, which are up 45%, from 42 days to 61 days on average. That tells us homes are taking longer to sell. However, new listings are up 2.2%, suggesting sellers are still confident enough to enter the market. Current inventory sits at 8 months, which is higher than both Cape Coral and Fort Myers.
So, what does all this mean? As a local broker, my take is that we’re seeing a gradual return to a more normal market. Prices are adjusting after the pandemic-era surge, but buyer activity is still present—especially in Fort Myers. Inventory levels are coming down across the board from their January highs, which is encouraging for sellers. Buyers, on the other hand, are seeing a bit more choice and negotiating room, especially in Naples and Cape Coral.
Whether you're thinking of buying or selling, now is a good time to understand your local market dynamics. Every city tells a slightly different story—and the right strategy depends on where you are and what your goals are. Please give me a call at 239-785-6986 or email chad@anchorpointrealestatefl.com to set up a buyer or seller consultation. Have a great day!
