Naples Area Market Report Naples Area Market Report | Page 3

Overall Market Overview

Key metrics by report month and for year-to-date ( YTD ) starting from the first of the year .
Key Metrics Historical Sparkbars 2-2023 2-2024 % Change YTD 2023 YTD 2024 % Change
New Listings 1,336 1,668 + 24.9 % 2,715 3,480 + 28.2 %
2-2022 8-2022 2-2023 8-2023 2-2024
Total Sales 701 636 - 9.3 % 1,265 1,124 - 11.1 %
2-2022 8-2022 2-2023 8-2023 2-2024
Days on Market Until Sale 55 69 + 25.5 % 54 65 + 20.4 %
2-2022 8-2022 2-2023 8-2023 2-2024
Median Closed Price $ 595,188 $ 625,000 + 5.0 % $ 600,000 $ 620,000 + 3.3 %
2-2022 8-2022 2-2023 8-2023 2-2024
Average Closed Price $ 1,101,491 $ 1,111,724 + 0.9 % $ 1,146,576 $ 1,108,204 - 3.3 %
2-2022 8-2022 2-2023 8-2023 2-2024
Percent of List Price Received 96.0 % 95.8 % - 0.2 % 96.0 % 95.8 % - 0.2 %
2-2022 8-2022 2-2023 8-2023 2-2024
Pending Listings 1,231 1,167 - 5.2 % 2,323 2,177 - 6.3 %
2-2022 8-2022 2-2023 8-2023 2-2024
Inventory of Homes for Sale 3,085 5,139 + 66.6 % –– –– ––
2-2022 8-2022 2-2023 8-2023 2-2024
Months Supply of Inventory 3.8 7.1 + 86.8 % –– –– ––
2-2022 8-2022 2-2023 8-2023 2-2024
Current as of March 10 , 2024 . All data from Southwest Florida MLS . Report © 2024 ShowingTime . | 2