February 2025 Market Overview: Key Indicators
Quick Facts
- Total Sales: -9.5%
- Median Closed Price: +4.0%
- Homes for Sale: +35.8%
Overall Market Overview
February 2025 presented a dynamic picture of the Naples housing market, with sellers adjusting strategies to stay competitive in a growing inventory landscape. According to the Naples Area Board of REALTORS® (NABOR®), closed sales declined 9.5% compared to February 2024, totaling 584 transactions, down from 645. However, sales showed month-over-month improvement, rising 6% from January 2025’s 551 closed sales.
Despite a softening in sales, the overall median closed price increased by 4%, reaching $650,000, up from $625,000 in February 2024. Sellers remained active in response to market pressure, with 2,883 price reductions reported during the month as competition intensified.
Notable Market Activity
- Inventory: Increased by 35.8%, rising to 7,320 homes from 5,389 in February 2024
- New Listings: Remained virtually unchanged at 1,710, compared to 1,711 the previous year
- Closed Sales (February): 584, a 9.5% year-over-year decrease
- Cash Purchases: Accounted for a significant 76.9% of all February sales
With increased inventory and stable prices, buyers gained negotiating power while sellers continued to benefit from strong equity positions—a key distinction from the 2007 market downturn. The average seller received 94.8% of their asking price, indicating buyers are still willing to pay near-list price when homes are priced appropriately.
Additional Insights
- Price Range with the Strongest Sales: $5,000,001 and above
- Bedroom Count with Strongest Sales: 1 bedroom
- Property Type with Strongest Sales: Single-family homes
The Naples market remains resilient and competitive, characterized by savvy sellers, high-cash transactions, and an ever-watchful eye on pricing and market readiness. As we look toward spring, increased buyer activity and continued price adjustments are likely to shape the months ahead.
Ready to Discover Your Property’s Potential?
If you’re curious about how these market trends affect your property value or if you’re considering buying or selling, I’m here to help!
Name: Jason Kotar
Title: Licensed Real Estate Broker – License #3576114
Company: The KA Group, part of LoKation® Real Estate
Address: 1500 E Atlantic Blvd. Pompano Beach, FL 33060
Phone: 312-350-1886
Email: jasonkotar@hotmail.com
Let’s connect and navigate the evolving real estate landscape together!
