Cities with the most homes for sale | News

– Listings per 10,000 residents: 289

– Median list price: $219,105

– Median sale price: $344,664

– Homes sold YTD: 1,784

Leading the country for the most homes for sale, Cape Coral is the fourth Florida city to land on this list. In the first quarter of 2023, the modestly sized city—its population hovers just above 200,000 residents—had 5,917 homes listed for sale.

Hurricane Ian also caused issues for the city’s real estate market in 2022. Over 5,000 homes were destroyed, and about 30,000 homes were damaged in Lee County, which includes Cape Coral. Homeowners who can’t afford to rebuild have put their properties on the market, some of which have been bought by developers who plan to renovate and resell the homes at higher prices.

This story originally appeared on Rocket Homes and was produced and distributed in partnership with Stacker Studio.