The Naples real estate market demonstrated notable activity in January 2025, reflecting both year-over-year growth and month-over-month changes. According to the Naples Area Board of REALTORS® (NABOR®), overall closed sales increased by 12% in January 2025, totaling 551, compared to 492 in January 2024. The median closed price also rose by 9.4% year-over-year, reaching $659,000 in January 2025, up from $602,000 in January 2024.
Comparing January 2025 to December 2024, there was a slight decrease in closed sales, from 594 in December to 551 in January. However, the median closed price increased from $600,000 in December 2024 to $659,000 in January 2025, indicating a strengthening market.
Inventory levels saw a significant year-over-year increase of 39.5%, with 6,808 properties available in January 2025, up from 4,881 in January 2024. Month-over-month, inventory also grew from 5,695 properties in December 2024 to 6,808 in January 2025. New listings rose by 22.6% year-over-year, with 933 added in January 2025 compared to 761 in January 2024. This influx of inventory provides buyers with more options and indicates growing seller confidence.
The average days on market increased to 92 days in January 2025, up from 61 days in January 2024, and from 84 days in December 2024 (some neighborhoods seeing almost 8 months, while others are selling much faster). This trend suggests that while demand remains strong, buyers are taking more time to make purchasing decisions, likely due to the expanded inventory.
Overall, the Naples housing market in January 2025 reflects a balanced environment with increased inventory and rising median prices, offering opportunities for both buyers and sellers.
