Tim Aten’s Post

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Senior editor/columnist at The Naples Press and Gulfshore Business

The median closed price for homes in Naples was $600,000 during August 2024 with 1,096 price decreases, according to the monthly market report by the Naples Area Board of REALTORS®. While this is the lowest number of price decreases reported for a month so far in 2024, it indicates that sellers are continuing to adjust their prices to better reflect today’s housing market. Even though monthly inventory levels have risen compared to 2023 statistics (40.3% in August), they have decreased over the last five months. Still, broker analysts speculate this trend is short-lived, NABOR reports.

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