The Naples real estate market in December 2024 exhibited notable trends, particularly in inventory levels and pricing dynamics. According to the Naples Area Board of REALTORS® (NABOR), the total housing inventory reached 5,695 units, indicating a significant increase compared to previous months. This rise in available properties suggests a shift towards a more balanced market, offering potential buyers a wider array of options.
In December 2024, there were 1,184 new listings, reflecting a healthy influx of properties entering the market. Pending sales stood at 626, while closed sales were recorded at 594, demonstrating consistent transactional activity. The median closed price for homes was $600,000, providing insight into the market's valuation trends.
The increase in inventory is a positive development for buyers, as it alleviates some of the competitive pressures seen in previous periods. For sellers, this trend underscores the importance of strategic pricing and property presentation to attract discerning buyers in a market with more choices.
Overall, the Naples housing market in December 2024 displayed signs of stabilization, with rising inventory levels and steady sales activity contributing to a more balanced environment for both buyers and sellers.
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