Cape Coral recorded the steepest annual drop in home prices among major U.S. markets at 7%, according to global property information service Cotality’s April 2025 Home Price Index. The report marks the lowest national home price growth in more than a decade, with prices flattening under the weight of consumer concerns about job security, personal finances and potential tariff impacts. Overall, Florida saw a 0.8% year-over-year price decline, and the state’s median sales price fell below the national median to $390,000. Nationwide, price gains have slowed but remain in line with pre-pandemic seasonal trends. Just 14 of the 100 largest U.S. markets posted annual declines, with most located in Florida and Texas.