In each of the four regions, inventory is up at least 19% compared to the same time last year.

As we move into the summer of 2025, we want to bring you up to speed with key market changes affecting your rental investments in Cape Coral, Fort Myers, Lehigh Acres, and the greater SWFL region.Over the past two years, I have sent several market updates expressing my concerns with the rising inventory of properties for sale and the rise of rental inventory levels.

Inventory Climbs, But Still Below Historical NormsActive single family inventory in Northern Nevada rose to 1,722 homes in May 2025 — a sharp +39.3% increase year-over-year from May 2024. 

🏡 May ‘25 - inventory STILL rising....😳✅ Total Actives - 13,044, UP 36% year over year✅ New Listings - 6,978, UP 4% year over year✅ Pendings - 4,227, UP 10% year over year✅ Median Days on Market - 13, UP 62% year over year✅ Median Home Price - $599,000 FLAT year over yearAgain, active listings still leads the way with the biggest stat change.

Pulled these from Zillow’s rental feed for May 2025 and cleaned them up so we can see which markets are heating up or cooling off.Quick takeawaysMost expensive rents: Boston & Miami hit ~$3,000; NYC right behind at $2,885.Fastest to lease: Cheyenne (24 DOM), Salt Lake City (28), Providence & Milwaukee (34).Slowest: Hawaii statewide (97 DOM), Dallas (77), Atlanta (71), San Francisco (70).Biggest MoM improvement: Raleigh -44 % DOM, Boston -38 %, Cheyenne -27 %.Largest inventory jumps: Los Angeles (+4,535 listings MoM), Chicago (+2,344), Houston (+1,696).Snapshot of key metrosCityAvg RentAvg DOMMoM DOM ΔActive RentalsMoM Inventory ΔPhoenix, AZ$1,85047+2 %5,052+1,005Denver, CO$1,92041-5 %3,924+614Miami, FL$3,00050-2 %6,534+1,024Orlando, FL$1,90242-11 %3,208+569Atlanta, GA$1,90071-9 %4,081+637Charlotte, NC$1,93546-22 %3,574+456Raleigh, NC$1,75045-44 %1,976+399Austin, TX$1,89448-16 %5,879+1,066Dallas, TX$1,60077-5 %3,782+1,065Houston, TX$1,69556-2 %8,823+1,696Seattle, WA$1,80047-15 %4,071+819Los Angeles, CA$2,30055+6 %20,265+4,535San Francisco, CA$2,65570-26 %2,783+580Boston, MA$3,00056-38 %17,529-275Cheyenne, WY$1,50024-27 %181-5(I trimmed the full dataset for readability — happy to share the whole CSV if anyone wants to dig deeper.)Questions for you:-Do these days-on-market (DOM) numbers line up with what you’re seeing on the ground?

Do you think inventory will open up due to sellers offloading their properties because of their rate adjusting to the present day 7%?

There is some relief on the way for the beach-condo inspection front - that issue isn't solved, but likely improving.

When you move out and start depreciating the cost of the asset you start depreciating the improvements at the time of conversion.

I've been investing through different cycles and I’m seeing a lot of newer investors running into this same frustration.Here are a few approaches that may help unlock better opportunities:✅ Look for motivated sellers, not just listed inventory.

Combine that with some government austerity and the debt issue improves.