January 2024 NABOR Real Estate Market Report

The January 2024 NABOR Naples Real Estate Market Report reveals a strong resurgence in confidence among both sellers and buyers. Overall inventory has surged by 58.8%, reaching 4,639 properties for sale compared to January 2023’s 2,921.

Fueling this surge are new listings, up 29.1% year over year, leading to double showings compared to December 2023. Sellers have responded by taking action, with 1,804 price decreases recorded in January, marking a 122.7% increase from the previous month.

Buyer intent has shifted to seeking the right home rather than any home, prompting REALTORS® to consider local factors. While pending sales dipped by 7.5% from January 2023, activity surged by 73.2% compared to December 2023.

Opportunities abound for first-time buyers and those seeking homes under $500,000, with inventory in this range up 58.6% in January. Even in high-end segments, inventory surged, with condominiums priced over $5 million up 182.6%.

In summary, January’s report paints a robust Naples real estate market, offering opportunities for all. For deeper insights, access the full report and feel free to reach out for further discussions on Naples, Florida’s real estate market.

Real Estate Market Report

Get the insider scoop on Naples real estate with the monthly report from the Naples Area Board of Realtors (NABOR). It’s a must-read if you’re considering buying or selling a home in Naples. Packed with useful info, it’s more than you’d expect.

The report provides a quick market overview on the first few pages, with summaries, facts, and graphs. Pages 3-4 cover detailed reports on houses and condos, offering a goldmine of information.

NABOR compares monthly data to the previous year, allowing you to see changes. By page 15, you can dive into reports for each Naples zip code, focusing on what matters to you.

From beachfront to gated communities, NABOR has every area covered. Interested in luxury communities? Check out the Naples Communities page for waterfront spots and more.

Meet Matt Brown, a top Naples realtor known for his expertise and staying ahead of the game. Whether you’re eyeing a waterfront home or a golf course property, Matt’s your go-to guy. Start browsing Naples properties and give Matt a shout when you’re ready to take the next step.

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.