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

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

May arrives as Southwest Florida begins moving from peak season into the slower summer months. During summer, showing traffic often cools, seasonal buyers are not as active in town, and some sellers become more open to negotiation if they want to get a deal done before fall. Naples continues to attract strong buyer interest, but the market is not uniform: single-family homes are showing price strength while condos are more negotiable.

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

Naples Single-Family Homes

• Median Sales Price: $895,000 (Up 13.3% vs. last year)
• Closed Sales: 453 (Up 14.1% vs. last year)
• Active Inventory: 2,542 (Down 23.6% vs. last year)
• Months Supply of Inventory: 5.6 (Down 33.1% vs. last year)
• Median Days on Market: 68
• List Price Received: 94.5%

Takeaway: The Naples single-family home market is still seeing buyer activity, with closed sales up 14.1% year over year. Median pricing is up 13.3%, showing that well-positioned properties can still command strong values. At 5.6 months of supply and 94.5% of list price received, buyers have some room to compare options, but desirable homes still need to be taken seriously.

Naples Condos & Townhouses

• Median Sales Price: $460,000 (Down 7.4% vs. last year)
• Closed Sales: 545 (Up 17.0% vs. last year)
• Active Inventory: 3,068 (Down 21.0% vs. last year)
• Months Supply of Inventory: 5.6 (Down 32.4% vs. last year)
• Median Days on Market: 75
• List Price Received: 94.5%

Takeaway: The Naples condo and townhouse market is still seeing buyer activity, with closed sales up 17.0% year over year. Median pricing is down 7.4%, which may create a stronger value conversation for buyers who are comparing today’s listings against recent closed sales. With 5.6 months of supply, 75 median days on market, and sellers receiving 94.5% of list price, this is an area where buyers may be able to find opportunities if they are patient and strategic.

What Does It All Mean?

The Naples market is giving buyers and sellers a more nuanced picture as we head into summer. Summer in Southwest Florida is typically slower than peak season, and that can create openings for buyers who are watching days on market, price reductions, and seller motivation across both single-family homes and condos/townhouses. For sellers, the key is to price against the current competition rather than assuming the market will automatically absorb an aggressive list price. For buyers, the best potential deals are likely to come from homes that have been sitting longer, listings with higher supply behind them, or sellers who are already showing flexibility in the list-to-sale numbers.

If you're thinking about buying or selling in Naples, let's talk. I can provide you with a personalized analysis of your property and help you make the most of this market as we move into the summer season.

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