To illustrate how our market dynamics shifted when the Federal Reserve started its campaign to aggressively raise interest rates back on March 17, 2022, at that time there were only 430 homes listed for sale through a Realtor in Cape Coral with the median list price at $595,000 Only 61 of the 430 homes were listed at $400,000 and under, with 76 homes priced at $1 million and above Three months later on June 21, 2022, there were 1,031 singlefamily homes listed for sale by a Realtor in the Cape at prices ranging from $245,000 to $5 995 million with a median list price of $579,000 At that time, there were 184 homes listed at $400,000 and under, and 177 homes listed at $1 million and above.

JUNE

23, lion, with the median pending sales price dipping to $399,999 from $406,990 a week ago A total of 419 of the 820 pending sales, or 51.1%, were at $400,000 and under, while 34 were at $1 million and up Back on June 21, 2022, we had 862 homes under contract as pending sales, with 377 of them at $400,000 and under, and 39 homes pending at $1 million and above

Bob and Geri Quinn Homing In