April was the month the year-over-year price declines stopped. The median single-family sale price landed at $368,950, essentially dead level with April 2025 after three straight months of declines (on 632 closings, up 14.9%).
The market in April 2026
| Metric | Apr 2026 | Change |
|---|---|---|
| Median sale price (single-family) | $368,950 | roughly flat YoY |
| Closed sales | 632 | +14.9% YoY (vs 550) |
| New listings | 824 | −13.3% YoY |
| Active inventory | 2,951 | −27.1% YoY |
| Months of supply | 5.9 | |
| Median days on market | 51 | |
| Sold-to-list price ratio | 97.2% |
“Median days on market” is the median number of days a sold home was listed before it went under contract, not the time to closing. It is the same field in every month of this series, and the same field RPCRA reports. Its own definition is “the median number of days between when a property is listed and the purchase contract date.” Where our figure and RPCRA’s differ, the cause is the different set of sales each series covers, not a different measure. May reports Lee County median days to contract instead, and is labelled as such, because our usual city-level source did not publish one that month. Corrected August 15, 2026: the Royal Palm Coast Realtor Association did publish a Cape Coral table for May, and it now appears on the May report.
Closed sales and their year-over-year change are from the Florida Gulf Coast MLS Historic Sales by Year report for Cape Coral, pulled August 5, 2026. Remaining rows are as previously published and are being re-verified against the same report.
Cape Coral city, closed-sale data from the Florida Gulf Coast MLS.
| RPCRA Cape Coral Region: single family | Apr 2026 | Apr 2025 | Change |
|---|---|---|---|
| Median sale price | $380,000 | $375,000 | +1.3% |
| Closed sales | 546 | 493 | +10.8% |
| New listings | 775 | 859 | −9.8% |
| Pending sales | 574 | 484 | +18.6% |
| Median days on market | 46 | 53 | −12.4% |
| Sold price per sq ft | $221 | $223 | −0.9% |
| Percent of original price received | 93.3% | 91.6% | +1.9% |
| Active inventory | 2,538 | 3,520 | −27.9% |
| Months supply of inventory | 4.6 | 7.1 | −34.9% |
Source: RPCRA Market Insights Report, April 2026 (Domus Analytics, data provided by SWFL MLS), covering Lee and Hendry counties by region. “Percent of original price received” is measured against the first asking price, so it is not the same measure as the sold-to-list ratio above. RPCRA restates the previous month in each new report (in its own words, data “may differ from previous reports due to timing of MLS entries”) and closed sales have revised upward by six to twelve in every month of this series so far. The figures here are as first published, and we do not reissue a correction for a routine restatement.
Supply finally broke below six months. At 5.9 months and 2,951 active listings (down 27.1% year over year), Cape Coral was closer to balanced than at any point since Hurricane Ian's aftermath reshaped the market. On RPCRA’s narrower Cape Coral Region definition (table below) April was tighter still: 4.6 months, which is past balanced and into seller’s-market territory. New listings were still down 13.3%, so the tightening came from sellers staying home as much as from buyers showing up.
Negotiating power hadn't vanished, 51 days on market and a 97.2% sold-to-list ratio meant a well-prepared buyer still had room, but the market had stopped handing out bargains automatically. If you were thinking about selling, this was the month the arithmetic turned back in your favour. Region-wide, Lee County's single-family median held at $390,000, flat year over year, with condos still soft at around $299,000.
Flat is the new down. The price slide ended in April, and the buyers who spent the winter waiting for a bigger discount had just watched their window narrow.
Fresh from the Cape: April 2026
Jaycee Park reopened, 555 days and $18.7M later
The Caloosahatchee riverfront park reopened on April 30 after a $18.7M rebuild: a lighted riverfront boardwalk, a 5,000 sq ft splash pad, an inclusive playground, a bandshell, cooling misters, beach volleyball and cornhole. The ribbon-cutting was scheduled for May 8 and the grand-opening party for May 9.
Culture Fest and Earth Day
The 4th annual Cape Coral Culture Fest filled Cultural Park on April 26: mariachi, Celtic and Polynesian performers, international food, free shuttles from City Hall. On April 22 the citywide Earth Day cleanup focused on canals and major roadways, with signups through the Cape Coral 311 app.
Bike Night's season finale
April 11 closed out the Bike Night season on SE 47th Terrace with an Ozzy Osbourne tribute band and the slow bike race, using the new "Thunder Zone" bike parking at Club Square.
Tourism set records
Lee County drew roughly one million visitors in the first quarter of 2026, up 28% year over year, who spent $1.39B (+24%) across about 1.7M room nights. February's tourist-tax collections alone were up 21.9%, relevant if you're weighing a vacation rental, and we cover that math in our buying-to-rent guide.
Openings and camps
Nothing Bundt Cakes opened April 9 on Santa Barbara Blvd and Hibachi One opened April 10 on Cape Coral Pkwy E. City summer camp registration opened at 5am on April 6 for eight camps, including Rotary Park Eco-Adventure and the Eagle Skate Park. Drought, meanwhile, covered 98.99% of Florida by April 16.
What it means if you’re buying or selling
April is where the 2026 market turned. If you're a seller who priced to the January comps, you underpriced. If you're a buyer still waiting for 2024 prices, April was the polite warning.
Want this read against a specific street, canal or price band? That’s a phone call, not a blog post, get in touch or start with the Coastal Home Finder.
Market figures are compiled from the Florida Gulf Coast MLS, Royal Palm Coast Realtor Association and Florida Realtors monthly reports, Realtor.com metro data via FRED, Zillow, Houzeo, and Freddie Mac’s weekly mortgage survey. Sources disagree on inventory counts and geography, city versus county versus metro, so we label which is which rather than blending them. Local items are summarised from the Cape Coral Breeze, WINK News, Fox 4, Gulfshore Business, NOAA and the City of Cape Coral. Details can change after publication.
