The October 2025 Market Report by the Naples Area Board of REALTORS® (NABOR®) revealed not only market resilience, but a return to a balanced housing market, resulting in stable prices and a fair negotiating environment for both parties.
Signs of improved confidence in October included a 27.2% increase in new listings to 1,566 new listings from 1,231 new listings in October 2024, as well as a 48.5% increase in pending sales (homes under contract) to 790 pending sales from 532 pending sales in October 2024. As pending sales continue to rise, so do overall closed sales, which increased 33.4% to 663 closed sales in October from 497 closed sales. While mortgage rates have declined modestly, that is not as much a factor in this area, since 58% of all sales in October were all cash.
Furthermore, buyers are responding to improved affordability, as sellers are becoming more realistic with pricing (there were 1,161 listing price decreases in October), which is helping motivate today’s buyers. Fewer sellers believe they can achieve the record pandemic prices seen in Florida two or three years ago. However, while those days have passed, recent reports continue to show that home values in Naples, Florida, remain stable at elevated levels. The overall median closed sale price in October increased only moderately 0.9% versus October 2024. Yet, it is still 74% higher than the median closed sale price recorded in October 2019 (pre-pandemic).
Overall inventory increased 6.7% to 5,386 properties from 5,046 properties in October 2024. The report showed 8.1 months of inventory (which some analysts still consider to be a balanced market for our area), offering ample choices for buyers looking for their dream home in paradise.