REAL ESTATE MARKET REPORT NAPLES FLORIDA
Naples Board of Realtors Market Report JULY 2024 | NABOR
The July 2024 Naples Real Estate Market Report highlights a shifting market. Closed sales fell by 2.6% in July compared to last year, with 608 sales versus 624 in July 2023. Pending sales also dropped by 15.7%, hinting at continued lower sales in August.
Inventory has increased by 50.5%, reaching 4,352 properties, up from 2,892 a year ago. Despite this, closed sales have been declining monthly for the past three years.
Median closed prices decreased slightly by 0.8%, with July’s median at $590,000, down from $595,000 last year. Single-family home prices fell, while condo prices rose.
The percentage of list price received dropped to 94.8%, and cash sales fell to 51.9% of transactions. Overall, the market remains active, with rising inventory potentially supporting future stability.
Real Estate Market Report
Naples Area Board of Realtors
The Naples Area Board of Realtors (NABOR) publishes a monthly report providing an in-depth look at the Naples real estate market, essential for buyers and sellers. The report starts with a brief market overview, including summaries, data, and graphs, followed by detailed studies on homes and condos on pages 3–4. By page 15, you can find reports for every Naples zip code, focusing on the areas of interest.
NABOR covers all regions, including gated communities and coastal properties. For insights into upscale neighborhoods, visit the Naples Communities page for information 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 at (239) 580-8864.
If Naples real estate interests you, explore our Naples Communities page for in-depth coverage of top luxury real estate communities and available properties. Whether you’re looking for a waterfront community, a gated community, a golf community, or something in between, start your journey by browsing Naples, Bonita Springs, Estero, and Marco Island properties. 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.
Realtor Naples Florida | Matt Brown
Matt Brown is a leading realtor in Naples who places a strong emphasis on market data and analysis. His clients’ testimonials speak volumes about his character, analytical nature, and approach to making sound investment purchases. Thanks to his knowledge base, client transaction history, community connections, and deep understanding of the data, he is always two steps ahead of market shifts.
Matt demonstrates extensive knowledge of the local real estate market, conducts thorough research, and provides comprehensive market analysis in each client interaction. If you are seeking a local advisor to collaborate with for the growth of your real estate portfolio, please get in touch with Matt Brown at (239) 580-8864 or fill out the Let’s Connect form.
