Naples Market Report - September 2025

September brought a notable uptick in activity across the Naples real estate market, defying the typical late-summer slowdown. We're seeing pending sales jump 21% compared to last September, with 753 properties going under contract, the first time September has outpaced 2019 levels in this market. That momentum suggests buyers are feeling more confident as we head toward the main selling season.

Closed sales rose nearly 11% to 602 transactions, continuing the positive trend we've tracked since June. The overall median price settled at $550,000, down 6.3% year-over-year, though condos saw a steeper decline to $410,000 (down 8.9%).

Inventory remains the story to watch. We're sitting at 4,804 active listings, up 3% from last year, translating to 7.4 months of supply overall. Condos are carrying 8 months of inventory versus 6.8 months for single-family homes.

Days on market stretched to 107 days, up 29% year-over-year, giving buyers more time to evaluate options. Sellers are accepting 93.9% of last list price on average, though remember that many properties experience price reductions before going under contract, so actual discounts from original asking prices can be greater.

New listings dropped 11.5% to 972 properties. That decline likely reflects typical summer behavior; many sellers pull listings before the heat peaks to relaunch fresh when snowbirds return.

As we enter the shoulder season leading into peak activity, inventory should stabilize, and pace should pick up.