“Rising Inventory and Competitive Pricing are Favorable for Home Sales”
Naples, Fla. (March 29, 2024) – The overall median closed price in Naples increased 5 percent to $625,000 in February from $595,188 in February 2023, but there were also 2,264 price decreases reported. Brokers contend that price decreases may be one indication that sellers are shifting from aspirational pricing to realistic market pricing. According to the February 2024 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), closed sales decreased 9.3 percent in February despite a 66.6 percent increase in inventory to 5,139 properties from 3,085 properties in February 2023.”
TO DISCUSS MARKET CONDITIONS IN FURTHER DETAIL... MESSAGE US BELOW OR CALL US DIRECTLY AT (239) 438-1102
Find out How Much your Home is Worth Instantly! Click here for a Free Home Evaluation
Instantly search just listed homes in Naples! Click here to search now
Search Active Naples Real Estate Listings
QUESTIONS?
Introducing a Sophisticated Approach to Naples Real Estate...
Meet Your Local Experts
Connect with Real Estate Advisors... not Salespeople.
Our team strongly believes in advising our clients on their best option. Connect with one of our Real Estate Advisors today to discuss your goals and put together a solid plan in order to achieve that goal.
We offer Free Consultations that are always Pressure-free and without any commitment!
Leave A Comment