"By February 2025, the homeowner listed the property above for sale at $519,000. After 4 subsequent price cuts and a brief delisting, the home finally sold in December 2025 for $455,000-or -19.5% below its 2023 sales price. While that's certainly a material home price correction from its Pandemic Housing Boom peak, we should note that the December 2025 sales price ($455K) was still +38.7% above the $328,000 price the same property fetched in 2017."
"Southwest Florida has been one of the two weakest regional chunks of the U.S. housing market. Among major U.S. metros, only Austin, Texas metro area (-27.3% since its 2022 peak) has seen a larger overall price drop this cycle than metros in Punta Gorda, FL (-25.3% from its 2022 peak), Cape Cape Coral-Fort Myers, FL (-18.8% from its 2022 peak), and North Port-Sarasota-Bradenton, FL (-17.4% from its 2022 peak). The North Port-Sarasota metro is where the home highlighted above is located."
"Pulling from the ResiClub Terminal, single-family home prices in the ZIP Code highlighted in today's article (34293) are down -11.3% year-over-year. Pulling from the ResiClub Terminal, single-family home prices in the highlighted ZIP Code (34293) are down -21.5% from their 2022 peak. That's broadly in line with the -19.5% decline at which the highlighted property sold relative to its 2023 price."
A single-family home in Venice, Florida (ZIP 34293) was purchased in 2023 for $565,000 and listed in February 2025 at $519,000. After four price cuts and a brief delisting, the property sold in December 2025 for $455,000, a 19.5% decline from the 2023 price but 38.7% higher than its 2017 price of $328,000. Single-family home prices in ZIP 34293 are down 11.3% year-over-year and 21.5% from their 2022 peak. Southwest Florida has been among the weakest U.S. housing regions, with metros like Punta Gorda and North Port-Sarasota posting substantial declines since 2022.
Read at Fast Company
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