On Florida’s Gulf Coast, housing supply is surging, sellers are cutting their asking prices and the time it takes to sell a home is soaring—all at a faster rate than anywhere else in the U.S.—according to a report from technology-powered real estate company Redfin. Of the 10 metro areas that posted the largest year-over-year increases in supply, six are in Florida and two are in Texas. Cape Coral saw the biggest jump in homes for sale in March(51%), followed by North Port-Sarasota (48%), Fort Lauderdale (30%) and Tampa (29%). In Cape Coral, 41% of listings had a price cut with the typical home taking 31 more days to sell than a year earlier—the largest jump in the nation.
Healthy and nonpolluted waterways benefit more than the creatures who inhabit them. They also are essential to those who rely...
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