March 2025
Quick Facts- 9.3 % + 0.1 % + 36.1 %
Naples Area Market Report
March 2025
Brokers reviewing the March 2025 Market Report by the Naples Area Board of REALTORS ®( NABOR ®), which tracks home listings and sales within Collier County( excluding Marco Island), agree that the Naples area housing market has become a buyer’ s market – where the supply exceeds the demand – as reflected in a 36.1 percent increase in overall inventory to 7,483 properties from 5,500 properties in March 2024. Overall closed sales decreased 9.3 percent in March to 820 closed sales from 904 closed sales in March 2024, putting pressure on sellers to drop prices before season ends. Even with 3,305 price decreases reported during March – the highest on record – overall pending sales decreased 7.3 percent to 1,212 pending sales from 1,300 pending sales in March 2024.
Quick Facts- 9.3 % + 0.1 % + 36.1 %
Change in Total Sales All Properties
Change in Median Closed Price All Properties
Change in Homes for Sale All Properties
+ 22.2 %- 5.1 %- 6.6 %
Price Range with Strongest Sales
$ 5,000,001 & Above
Bedroom Count With Strongest Sales 1 Bedrooms
Property Type With Strongest Sales
Single Family
Inventory levels finally exceeded pre-Covid levels in March – 7,483 properties vs. 6,829 properties in March 2019. With more options for buyers to consider, days on market for March increased 26.5 percent to 86 days from 68 days in March 2024. Plus, the 5.1 percent increase in new listings during March to 1,617 new listings from 1,538 new listings in March 2024 has pushed our market to 11.4 months of inventory compared to 7.7 months of inventory in March 2024.
The median closed price barely changed compared to last March, a. 1 percent increase to $ 650,000 from $ 649,450 in March 2024. It decreased 2.4 percent compared to February’ s median closed price of $ 666,250. The median closed price of single-family homes reported no change in price year over year, $ 770,000. But the median closed price of condominiums decreased 7.1 percent to $ 486,000 from $ 523,000 in March 2024.
This is good news for buyers as there are more choices, less competition and better terms to be negotiated.
Current as of April 10, 2025. All data from Southwest Florida MLS. Report © 2025 ShowingTime Plus, LLC.
Overall Market Overview Single Family Market Overview Condo Market Overview Overall Closed Sales Overall Median Closed Price Overall Percent of Current List Price Received Overall Days on Market until Sale Overall New Listings by Month Overall Inventory of Homes for Sale Overall Listing and Sales Summary by Area Naples Beach North Naples Central Naples South Naples East Naples Immokalee / Ave Maria
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