Information provided from the Naples Area Board of Realtors (NABOR) August Market Report...
"Historically, declining inventory puts upward pressure on home values, but that's not happening right now," said Cindy Carroll of Carroll & Carroll Appraisers & Consultants, LLC. "Even though inventory has decreased significantly in the last 15 months, home prices in Naples have remained relatively stable."
The median closed price in August decreased 1.7 percent to $575,000 from $585,000 in August 2025. Since January, the overall median closed price in Naples has only decreased 0.8 percent. However, the median closed price of single-family homes in Naples has increased 4.1 percent, year-to-date. And while the median closed price of condominiums in August increased 2.7 percent to $417,500 from $406,500 in August 2025, it is down 4.3 percent, year-to-date.
One local executive observed that sales activity during August was very good across much of the luxury market. "The high-end and ultra-luxury housing markets in Naples experienced strong demand this summer," he said.
"If demand remains steady and new listings can't keep up, then we expect inventory to continue to go down," said a local broker. "This might trigger more buyers to jump in before the end of the year because there will be a point when the market finally does react and that is when prices will begin to increase again."
Read full article from NABOR August 2026 Market Report English.pdf
