Naples FL market report is showing signs of growth in the housing market. The median home price in the area rose 14.5 percent in 2023, reaching a record-high of $450,000. The average sale price was up 10.5 percent, reaching $621,467. The number of closed sales increased slightly, up 2.6 percent, while the number of pending sales increased 13.7 percent. The inventory of homes for sale dropped 10.3 percent, to 4,066 listings. The Southwest Florida area housing market is expected to remain strong in 2023. The area’s desirable location and attractive climate will continue to draw buyers. Demand is expected to remain strong, with fewer available properties and rising prices. The Southwest Florida area housing market is one of the strongest in the country. The area has seen significant growth over the past few years, with prices and demand rising steadily. With continued population growth, job creation, and strong economic fundamentals, the Naples housing market looks to remain strong into 2024. The median home price in Naples is $325,000, which is higher than the national average of approximately $200,000. Additionally, Naples has a strong rental market, with a median rental rate of $1,600 per month. The area also boasts a low unemployment rate and a low crime rate, making it an attractive option for home buyers and renters alike.
