Home sales across the U.S. fell 1.7% month over month in May on a seasonally adjusted basis and dropped 2.9% from a year earlier, according to a new report from technology-powered real estate brokerage Redfin. There have been just two months in the past decade with fewer home sales: October 2023, when mortgage rates jumped to a 23-year high, and May 2020, when the onset of the pandemic brought the housing market to a halt and home sales to a record low. Cape Coral saw the third-largest increase in active listings at 45.1% and had the largest drop in median sale prices at 2.7%. Just 8.6% of May sales in the Cape were above list price, the third lowest mark in the country.