January 2025 Market Overview: Key Indicators
Quick Facts
- Total Sales: +12.0%
- Median Closed Price: +9.4%
- Homes for Sale: +39.5%
Overall Market Overview
The Naples real estate market continued to build momentum in the new year, with January 2025 posting strong gains in key indicators. Overall closed sales increased by 12%, climbing to 551 from 492 in January 2024. Meanwhile, the median closed price rose by 9.4%, reaching $659,000, up from $602,500 a year ago.
Sellers demonstrated confidence in the market’s stability, leading to a 22.6% increase in new listings for the month. While pending sales declined by 8%, the inventory surge of 39.5% provided buyers with more options than they’ve had in the past five years.
Notable Achievements in January 2025
- New Listings: 2,233, up 22.6% from January 2024
- Properties Under Contract: 933, down 8.0%
- Homes Sold: 551 closed transactions
January saw notable shifts across price segments. While single-family home prices rose 6.7% to $800,000, condo prices saw a 2.7% decline, settling at $466,000.
Inventory and Market Dynamics
The inventory of homes for sale in Naples surged 39.5%, reaching 6,808 properties, compared to 4,881 in January 2024. Despite rising inventory, the increase in median prices suggests continued demand. However, the average days on market jumped by 50.8% to 92 days, compared to 61 days a year prior, signaling a shift in buyer behavior as they explore more options.
Additional Insights
- Price Range with the Strongest Sales: $5,000,001 and above (+26.9%)
- Bedroom Count with Strongest Sales: 3-bedroom homes (-7.5%)
- Property Type with Strongest Sales: Single-family homes (+20.9%)
The Naples housing market remains resilient, presenting opportunities for both buyers and sellers as inventory expands and pricing remains strong. As we move into 2025, it will be crucial to monitor how these trends impact the broader market.
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
Website: www.knowledgeableaginggroup.com
Let’s connect and navigate the evolving real estate landscape together!
