Naples March Market Update Naples – Josh Bohling - LPT Realty SW FL

🌴 SW Florida March Market Update Naples – Josh Bohling - LPT Realty SW FL

March in Southwest Florida marks the heart of our peak season, as perfect weather, bustling activity from "snowbirds," and motivated buyers create a dynamic real estate environment. While national headlines continue to discuss market adjustments, it's important to focus on what's happening locally. Following a period of rapid expansion, the market has found its footing: prices have stabilized, insurance costs have leveled off, and we're seeing more informed buyers navigating a healthier inventory landscape. ☀️🏖️📊

But the local Naples numbers paint the true picture...

Naples Single-Family Homes

*   Median Sales Price: $800,000 (Down 1.5% vs last year!)
*   Median Sold $/SqFt: $389 (Up 2.1% vs. last year!)
*   Active Inventory: 2,780 (Down 17.8% vs. last year!)
*   Months Supply of Inventory: 9.3 (Down 18.9% vs. last year!)

Takeaway: The Naples single-family home market is seeing a some appreciation in value, with the median sold price per square foot up 2.1% from last year. At the same time, inventory is down significantly, with nearly 18% fewer homes on the market. This is an indicator of a changing market that is starting to rebound and become more competitve.

Naples Condos & Townhouses

*   Median Sales Price: $500,000 (Flat at -.2%)
*   Closed Sales:  368 (Up 33.3% vs. last year!)
*   Active Inventory: 3,382 (Down 12.6% vs. last year!)
*   Months Supply of Inventory: 9.2 (Down 34.5% vs. last year!)

Takeaway: The Naples condo market has become more active, with closed sales up by a third compared to last year! Inventory is also down, making this a more competitive space for buyers. If you're a condo owner thinking of selling, now is an excellent time to do so.

What Does It All Mean?

Naples market is an example of a seller's market in Southwest Florida that is starting to rebound. Both single-family homes and condos are seeing strong demand and limited supply. This is a great time to be a seller in Naples, and buyers need to be prepared for a competitive environment.

Josh Bohling REALTOR® | LPT Realty
Cell 239-320-5326
josh@sellmyhouseswfl.com
www.sellmyhouseswfl.com