While home prices across the country are expected to depreciate on average by 0.5% in 2023, the Cape Coral-Fort Myers housing market is forecasted to appreciate by 4.5%, according to a report from Veros Real Estate Solutions. VeroFORECAST evaluates home prices in over 300 of the nation’s largest housing markets. It predicts home value based on analysis of the fundamentals and interrelationships of numerous economic, housing and geographic variables pertaining to home value. Cape Coral-Fort Myers is expected to be the fourth strongest performing market in the next 12 months in part due to high demand and limited supply, the report states. Top-ranked Fayetteville, North Carolina; Wichita, Kansas; and Lincoln, Nebraska, rounded out the top five.
