Ivy GraceWed, Jun 18, 2025, 2:30 PM 4 min readBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.If you thought Florida's housing market was still a seller's paradise, talk to someone in Cape Coral or Fort Myers. They'll tell you it's more like a waiting game—one with high insurance premiums, slow foot traffic, and a not-so-sunny forecast."It makes me wonder, is it ever gonna happen?" said Darleen Strange, whose mother's Fort Myers home has been sitting on the market since November. "It's been on the market right at about 157 days. We've only had four people come look at it."Don't Miss:Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.30/share!That wasn't in a random Facebook group—Strange shared her frustration with WINK-TV. And she's far from alone.Realtor Angie Ramos echoed the slowdown: "We're seeing a lot of price reductions. Things are selling, but not as quickly as one would want."Southwest Florida, once a post-pandemic boomtown, is cooling fast. According to Construction Coverage, which analyzed Redfin data across midsize cities, Cape Coral ranked 123rd out of 123 in its list of the hottest real estate markets of 2025 — dead last.According to Redfin, there are over 238,000 homes currently on the market statewide. Florida has been building more housing than most other states, and with inventory piling up, buyers are starting to regain some bargaining power."I thought that it would go pretty quickly, because it's a beautiful home, beautiful location, beautiful view," Bonita Springs seller Tom Pomanti told WINK in April. He originally listed it for $850,000, but after cutting the price to $729,000, he's still had no bites.Trending: Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold.On Reddit, longtime locals are getting blunt. "There's roughly 4,000 houses for sale in Cape Coral right now. The market is definitely flat," one user wrote. "It's an effing mess."They point to insurance hikes, high mortgage rates, and hurricane damage as dealbreakers. One Redditor said their homeowner's insurance jumped from $6,100 to $7,300—and flood insurance tacked on another $8,400. "Just paid the home off so I'm considering dropping flood," they wrote. The home only had two inches of water during Ian, but the stress is stacking.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5005,980.87 -1.85 (-0.03%)Dow 3042,171.66 -44.14 (-0.10%)Nasdaq19,546.27 +25.18 (+0.13%)Russell 20002,112.96 +11.00 (+0.52%)VIX22.17 +2.03 (+10.08%)Gold3,383.40 -24.70 (-0.72%)PortfolioSign in to access your portfolioSign inTop gainersTMC TMC the metals company Inc. 6.75 +1.32 (+24.29%)SRRK Scholar Rock Holding Corporation 36.32 +5.17 (+16.60%)OSCR Oscar Health, Inc. 18.77 +2.66 (+16.51%)COIN Coinbase Global, Inc. 295.29 +41.44 (+16.32%)SYM Symbotic Inc. 35.70 +4.54 (+14.57%)Top losersTMDX TransMedics Group, Inc. 124.00 -12.20 (-8.96%)TCOM Trip.com Group Limited 56.54 -4.13 (-6.81%)FRHC Freedom Holding Corp. 140.43 -9.82 (-6.54%)EXLS ExlService Holdings, Inc. 45.21 -2.85 (-5.93%)MA Mastercard Incorporated 538.73 -30.72 (-5.39%)Most activeNVDA NVIDIA Corporation 145.48 +1.36 (+0.94%)TSLA Tesla, Inc. 322.05 +5.77 (+1.82%)INTC Intel Corporation 21.49 +0.69 (+3.32%)LCID Lucid Group, Inc. 2.2200 +0.0700 (+3.26%)SOFI SoFi Technologies, Inc. 15.36 +0.93 (+6.44%)Earnings eventsTrending tickersNQ=F Nasdaq 100 Jun 25 21,696.25 -24.00 (-0.11%)ES=F E-Mini S&P 500 Jun 25 5,971.75 -9.75 (-0.16%)CL=F Crude Oil Jul 25 76.00 +0.86 (+1.14%)BTC-USD Bitcoin USD 104,594.02 -493.67 (-0.47%)^VIX CBOE Volatility Index 22.17 +2.03 (+10.08%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.