Market Data
market Data
May Home Sales Trim Inventory Heading into Summer
Naples, Fla. (June 19, 2026) - New listings added to the Naples housing market were unable to keep pace with buyer demand in May, leading to a 22 percent decline in overall inventory. The market added 991 new listings during the month, while 1,066 homes went under contract (pending sales). Inventory was further reduced by strong sales activity. Over the past 12 months, closed sales have outperformed the previous 12-month period, and the momentum continued in May. Overall closed sales increased 13.9 percent, rising to 900 transactions from 790 in May 2025. Broker analysts reviewing the May 2026 Market Report from the Naples Area Board of REALTORS (NABOR), which takes homes listings and sales throughout Collier County (excluding Marco Island), report that the combination of shrinking inventory and strong buyer activity signals a competitive market. Therefore, homebuyers should act quickly when they find the right property this summer.
"Consumer confidence has been tremendously resilient this year despite increased cost of living and global conflict uncertainty," said Dr. H. Shelton Weeks, Lucas Professor of Real Estate and Director of the Lucas Institute for Real Estate Development & Finance at Florida Gulf Coast University. "If the middle east situation can be placed in the rear-view mirror, then we can end this year strong."
Balancing Behaviors
As demand for the Naples lifestyle continues and inventory decreases, the median closed price in May increased 1.7 percent to $599,900 from $590,000 in May 2025. In the single-family home market, the median closed price increased 7.6 percent in May to $750,000 from $697,000 in May 2025. In the condominium market, the median closed price increased 0.1 percent in May to $450,000 from $449,500 in May 2025.
"We are seeing a normal seasonal shift, but the year-over-year numbers tell the real story," said one area Managing Broker. "Closed sales are up over 15 percent year-over-year, pending sales are up about 12 percent, and inventory is down 18 percent, all of which point to a more balanced market. The market has adjusted, pricing is aligning with buyer expectations, and that's driving continued activity here in Naples."
Despite the median closed price increasing in April and May, the May Market Report showed 1,243 price decreases compared to 56 price increases.
"Even though we have fewer new listings, most sellers today are not listing at aspirational prices. Instead, they are taking recommendations from REALTORS to set more realistic prices," said another Broker. "So far, activity every month this year has been better than it was a year ago."
"There are several communities around Naples, like the Vineyards and Grey Oaks, where there is very little inventory," said Cindy Carroll of Carroll & Carroll Appraisers & Consultants, LLC. "It's likely prices may begin to increase again in pockets where inventory is becoming scarce. But it really depends on where you look because in other neighborhoods around Naples, like Vanderbilt, there is an oversupply."
Finding the Sweet spot
Sellers with significant home equity need a strategic pricing strategy to capture top dollar in the Naples market. Working with an experienced Naples real estate agent who has knowledge of the local market data can help strike the perfect balance, turning a home-owner's built-up equity into maximum profit when their home is sold.
"Many sellers who are on the fence are worried about losing a low interest rate mortgage," a said one Broker. "But a REALTOR can show you the net effect of enjoying the equity you built versus holding on to a low interest rate."
The two economists reviewing the May Market Report agree that waiting to buy a home until interest rates drop this year is not a good strategy.
"The average interest rate since the 1970s has been 7.8 percent," said Dr. Weeks. "With rates currently around 6.5 percent, this is a good time to lock in and buy a home."
Carroll agreed adding, "Buyers waiting for interest rates to go down are likely going to face higher prices because our overall inventory is declining. We are at 7.1 months of inventory in a market that finds its balance when there is 12 months of inventory."
Free market analysis
Contact us today with any questions. We serve the Luxury, Waterfront, and inland residential markets of Naples and other nearby Southwest Florida communities. We would be happy to offer a Complementary Comparative Market Analysis of your neighborhood or if you have any questions about the value of your home, please feel free to contact us at 239-571-2231 or 239-231-9222 or send us an email at JRobert@JohnRWood.com or MRobert@JohnRWood.com.
June market numbers will be issued approximately late July by Naples Area Board of Realtors (NABOR)
If your home is currently listed, this is not a solicitation of that listing.
