The Lee County residential real estate market continued to decline in August, with single-family home prices and sales activity reflecting ongoing correction following the 2022 post-pandemic surge. Inventory levels reached a 6.7-month supply, up 21.4% year-over-year but slightly lower than July, positioning the market in mild buyer’s territory. Median single-family home prices fell to $353,238, down 4.7% since January and 5.8% from August 2024, while pending sales increased 22%, signaling renewed buyer interest.

Sales activity slowed seasonally, with 1,072 closed transactions in August, an 8.8% year-over-year decline, and homes spending longer on the market (median 51 days). The condo sector experienced sharper declines, with median prices down 11.3% to $248,000, inventory extending to 11.1 months, and units taking 105 days to sell on average. Broader economic factors—including interest rate uncertainty, rising insurance premiums, increased HOA fees, and higher condo supply from new construction—contributed to the downturn.

Despite these challenges, realtors noted that long-term homeowners remain in strong equity positions, and potential interest rate cuts could reignite market activity.

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Fort Myers Beach is moving forward with plans to rebuild its pier, destroyed by Hurricane Ian in 2022. Lee County put the million project out for bid this week, marking a major step toward construction. Awaiting a permit from the Army Corps of Engineers, work is expected to begin early next year after and finish by early 2027, more than a year ahead of schedule. The Fort Myers Beach Local Planning Agency approved construction during sea turtle nesting season to avoid delays. The new 16,000-square-foot pier will be 12 feet wide, include three shade structures and use concrete decking and stronger pilings. Lighting will be mounted on handrails to reduce wildlife impacts, and officials may repurpose old pilings into an artificial reef. 

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Naples, Fla. (July 25, 2025) – Even with predicted decreases in home inventory during the summer, buyers searching homes in Naples will enjoy more options this summer than any summer in the last 10 years. According to the June 2025 Market Report by the Naples Area Board of REALTORS® (NABOR®),  inventory increased 18.2 percent to 5,885 homes from 4,978 homes in June 2024. Along with a healthy pool of options, a moderate softening of home prices sparked a 1.5 percent increase in both pending and closed sales during June. Broker analysts reviewing the report said the 1,282 sellers who removed their homes from the market during June will miss out on what may become a very good summer for sales in Naples.

“Traditionally, we tend to see more bargain hunters during the summer,” said Sherry Stein, CRB, Managing Broker, Berkshire Hathaway HomeServices Florida Realty. “Prices have relaxed slightly over the last few months, and this is bringing more buyers back to Naples who were previously priced out of our market.”

As hurricane season begins, State Farm, Chubb, Tower Hill, and Universal Insurance emerge as top choices for Florida homeowners.

Naples, Fla. (June 20, 2025) – Motivated sellers in Naples who took advantage of getting ahead of the market with prices that pleased buyers found success during May as overall pending sales (homes under contract) increased 10.9 % to 951 pending sales from 919 pending sales in May 2024. According to the May 2025 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), 2,023 properties on the market in May reported a list price decrease, 31 % of the overall inventory. The number of homes for sale increased 23.9 % to 6,524 properties from 5,265 properties in May 2024. But economic uncertainty is creating challenges for today’s buyer and seller, even in paradise.

Naples, Fla. (May 23, 2025) – April enjoyed the highest number of overall closed sales compared to data reported for all prior months in 2025. This activity made a notable impact on the overall inventory of homes for sale in the Naples area housing market, which has been on the rise since 2022.
According to the April 2025 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), overall closed sales decreased 12.3% to 893 closed sales compared to 1,018 closed sales in April 2024, but increased 8.9% compared to 820 closed sales in March 2025.

Steady demand as witnessed in pending sales during April (1,004), also helped to temper supply, which decreased to 11.2 months of inventory, the lowest in 2025. New listings in April decreased by 3.1% to 1,333 from 1,375 in April 2024, failing to replenish the inventory that went pending or closed during the month. With 2,572 price decreases reported during April, this significant shift in the market indicates that sellers are more willing to lower prices to meet buyer demand —a positive trend that benefits both buyers and sellers through mutually agreed-upon prices. 

Despite challenges, real estate rises

Despite the plethora of challenges faced over the past few years, the American economy has continued to grow, which has been an essential driver of real estate value. The total value of household real estate was at the third-highest level ever recorded in the most recent Flow of Funds data, totaling $48.1 trillion, a gain of $3.2 trillion or 7% from the prior year. Homeowner equity in real estate was near record highs at $34.7 trillion, up more than $2.8 trillion (8.8%) year over year. 

The high end has outperformed the median

Because higher-end homeowners have substantial equity and are less reliant on mortgage financing, these types of properties have outperformed. Data from the National Association of Realtors® suggests that the $1 million-plus category has been the fastest-growing (or least-declining) sales segment for 21 months straight, and sales in this segment now account for 7.6% of the market compared with 5% in February 2023, just before the streak of outperformance began.

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Naples, Fla. (March 28, 2025) – According to the February 2025 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), inventory increased 35.8% to 7,320 properties from 5,389 properties in February 2024. Overall closed sales decreased 9.5% to 584 closed sales in February 2025 from 645 closed sales in February 2024, but it increased 6% compared to closed sales reported in January 2025 (511 closed sales).
Although the overall median closed price in February increased 4% to $650,000 from $625,000 in February 2024, the report also showed sellers taking action to stay competitive, with 2,883 price decreases reported during the month to contend with the growing number of properties on the market.

As the spring thaw sets in, new housing momentum is “flashing encouraging signs” for the market, says NAR Chief Economist Lawrence Yun.

A notable uptick in housing inventory nationwide may be pulling the real estate market out of a long winter hibernation.

Total existing-home sales, which account for completed transactions for single-family homes, townhomes, condos and co-ops, rose 4.2% month over month in February, the National Association of REALTORS® reported Thursday.

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