Southwest Florida’s housing market is undergoing a material home price correction—here’s why

Southwest Florida’s housing market is undergoing a material home price correction—here’s why

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Back in June 2022, this home at 1137 Treasure Cay Court in Punta Gorda, Florida, was purchased for $985,000. Just one month later, home prices in the Punta Gorda metro area peaked, and the market slipped into what ResiClub calls “correction mode.” In April 2025, the homeowner listed the property for sale at $1,150,000, and the pric…