April 2024 NABOR Real Estate Market Report

The April 2024 NABOR Naples Real Estate Market Report highlights a resilient and active market. Confidence remains strong among both sellers and buyers, signalling stability.

Inventory surged by 68.1% from April 2023, totalling 5,240 properties for sale. New listings increased by 16.3% to 1,335, demonstrating sustained market activity. Sellers adapted with 2,365 price decreases in April, stimulating a 3.8% rise in closed sales, reaching 999 compared to 962 in April 2023, the first such increase since June 2021.

Buyer intent remains focused on finding the right home, leading REALTORS® to adjust their approaches. The overall median closed price rose 4% to $450,000 from $425,000 in April 2023. However, the single-family home market saw a 3.2% decrease in the median closed price to $793,750 from $820,000.

The report indicates a positive outlook for the Naples real estate market, with opportunities for both buyers and sellers to capitalize on current conditions. The growth in closed sales suggests the market is on track to outperform 2023 sales.

Real Estate Market Report

The Naples Area Board of Realtors (NABOR) publishes a monthly report that provides an insider’s view of the Naples real estate market. If you’re considering buying or selling a home in Naples, this report is a must-read, offering a wealth of valuable information.

The first few pages feature a brief market overview with summaries, data, and graphs. Pages 3–4 offer detailed studies on homes and condos. NABOR’s report allows you to track changes by comparing monthly data to the previous year. By page 15, you can delve into reports for every Naples zip code, focusing on the areas that interest you.

NABOR covers all regions, including gated communities and coastal properties. If affluent neighborhoods catch your eye, visit the Naples Communities page for insights on waterfront locations and more.

Matt Brown, a well-known Naples real estate agent, is an expert in the market, whether you’re interested in a property on a golf course or by the sea. When you’re ready to move forward, start browsing Naples properties and give Matt a call.

If Naples real estate piques your interest, we invite you to explore our Naples Communities page, where we provide in-depth coverage of the top luxury real estate communities in Naples, along with showcasing available properties. Whether you’re searching for a waterfront community, a gated community, a golf community, or something in between, begin your journey by browsing Naples and Bonita Springs properties. When you’re ready to take the next steps, don’t hesitate to reach out.  Browse all Southwest Florida homes for sale, or narrow down to the area which interests you most – Naples Florida, Bonita Springs Florida, Estero Florida or Marco Island Florida.

For a more detailed discussion of this market report or if you have any questions about the Naples Luxury Real Estate Market or want to discuss properties, contact Matt Brown at (239) 580-8864.

Matt Brown is a top Naples realtor focusing heavily on market data and analysis. His client testimonies speak volumes of his character, analytical nature, and approach to sound investment purchases. He is two steps ahead of market shifts because of his knowledge base, client transaction history, community connections, and deep understanding of the data.

Matt presents his vast local real estate knowledge, comprehensive research, and thorough market analysis in every client interaction. If you are looking for a local advisor to partner with to grow your real estate portfolio, contact Matt Brown at (239) 580-8864 or fill out the Let’s Connect form.