Naples Real Estate Market Stays Competitive in February according to the latest Naples real estate forecast.
Here is the latest Naples Florida February 2025 market update and Naples real estate forecast. The Naples Area Board of REALTORS® (NABOR®) February 2025 Market Report reveals a notable increase in inventory, with available properties rising 35.8% from 5,389 in February 2024 to 7,320 this year. In addition to this, closed sales experienced a 9.5% decline, dropping from 645 transactions in February 2024 to 584 in February 2025. However, with some good news, compared to January 2025, sales rose by 6% from 511 closings. The median closed price in February saw a modest 4% increase year over year, reaching $650,000 compared to $625,000 in February 2024. Sellers are adjusting to market conditions, as evidenced by 2,883 price reductions aimed at maintaining competitiveness amid rising inventory levels.
Market Perspectives from Industry Experts
What are local experts saying? We had an inventory shortage just two years ago and now the pendulum has swung in the other direction however, well below the 12,000 listings from March 2007.
Unlike the 2007 housing crisis, which was fueled by lenient lending standards and a surge in foreclosures, today’s homeowners are in a stronger financial position, often having built substantial equity. Anyone who purchased a home prior to the pandemic or at the beginning of the pandemic is likely in a great position if you would be a potential seller.
Analyzing Market Trends
What is the Naples Florida real estate forecast? Was a slowdown inevitable? This is a natural market adjustment that had to happen. What we are seeing is that appreciation is stabilizing. Also, sales have lessened due to economic pressures and decreased buyer demand.
Market conditions vary significantly based on location and property type. While the overall median home price rose 4%, certain areas saw contrasting trends. For instance, single-family home prices in Central Naples (zip codes 34104, 34105, and 34116) declined by 28.7%, whereas the Naples Beach area (34102, 34103, 34108) saw an 82.2% surge, likely influenced by high-end property sales. Similarly, condo prices dipped slightly by 0.4%, yet in Ave Maria, they rose by 13.4%.
Properties that we purchased in 2022 are noticing a softening in their home values especially with a large increase in listings. There are challenges in selling in neighborhoods where new construction has increased and there’s a lot of competition.
Sellers are dividing into two main groups. There are sellers who are making minor price reductions but still are not in alignment with the market and more realistic, informed sellers who are making significant reductions to attract buyers and sell their homes. We make sure we inform our sellers of the latest Naples real estate forecast and give them good information regarding pricing.
Market Statistics Snapshot
The NABOR® February 2025 Market Report provides a breakdown of sales activity across different property types and price ranges:
| Category | February 2024 | February 2025 | Change (%) |
|---|---|---|---|
| Total Closed Sales | 645 | 584 | -9.5% |
| Pending Sales | 1,167 | 843 | -27.8% |
| Median Closed Price | $625,000 | $650,000 | +4.0% |
| New Listings | 1,711 | 1,710 | -0.1% |
| Active Listings | 5,389 | 7,320 | +35.8% |
| Average Days on Market | 69 | 85 | +23.2% |
| Single-Family Sales | 320 | 305 | -4.7% |
| Single-Family Median Price | $834,500 | $790,000 | -5.3% |
| Single-Family Inventory | 2,670 | 3,490 | +30.7% |
| Condo Sales | 325 | 279 | -14.2% |
| Condo Median Price | $502,000 | $500,000 | -0.4% |
| Condo Inventory | 2,719 | 3,830 | +40.9% |
Naples Market Outperforms Other Florida Cities
Real estate experts noted that Naples continues to outperform other Florida markets such as Sarasota and Palm Beach which makes for a promising Naples real estate forecast. Dr. H. Shelton Weeks, Director of the Lucas Institute for Real Estate Development & Finance at Florida Gulf Coast University, remarked, “Collier County is often overshadowed in broader market discussions. While other Southwest Florida counties face oversupply, Collier remains a unique and resilient market.”
New listings remained steady year-over-year, with only a slight decline from 1,711 in February 2024 to 1,710 in February 2025. Buyers continue to drive a competitive market, with sellers receiving an average of 94.8% of their asking price. Notably, 76.9% of transactions in February were all-cash purchases.
Navigating the Current Market
Ultimately, if you are a seller in this market, in order to sell, it’s imperative to have realistic pricing. Buyers have a lot to choose from and they know it. If a home isn’t being sold, there are several factors to look at and one main one is pricing.
