The Naples real estate market continued to show strength in August, with buyer activity holding steady even as the number of homes available for sale declined significantly.
Closed sales reached 622 for the month, up 1.1% from August 2025, while pending sales increased 1.9% to 769. The bigger story, however, may be what’s happening with inventory.
Active listings fell 16.3% year over year, from 4,892 properties last August to 4,093 this year. New listings were also down 15.5%, meaning fewer properties are entering the market as existing inventory continues to sell.
That shift brought Naples down to approximately 5.4 months of inventory, compared with 8.1 months a year ago.
Naples Area Board of REALTORS® (NABOR®), July 2026 Market Report. Full report available here.
Prices Remain Remarkably Stable
Despite the substantial decline in inventory, prices have remained relatively steady.
The overall median closed price was $575,000 in August, down just 1.7% from $585,000 a year earlier. Interestingly, $575,000 was also the median closed price in August 2022, offering some perspective on just how stable overall pricing has been despite considerable changes in market conditions over the past several years.
The single-family and condominium markets told slightly different stories:
Single-family homes: 350 closed sales, up 5.1% year over year, with a median closed price of $717,500.
Condominiums: 272 closed sales, down 3.5%, with a median closed price of $417,500, up 2.7% from August 2025.
Single-family prices are also up 4.1% year to date, while condominium median prices remain down 4.3% year to date.
Pricing Is Becoming More Important
Another number worth watching is the decline in price reductions.
There were 790 price decreases in August, 30.2% fewer than a year ago, while average days on market fell from 107 to 99 days.
Together, those numbers suggest a market that is becoming more efficient. Buyers remain selective, but well-positioned properties are finding buyers more quickly, with less need for repeated price adjustments.
For sellers, that makes the initial pricing strategy especially important. The market is active, but buyers have access to extensive information and are quick to recognize when a property is priced above comparable opportunities.
What I’m Watching Heading Into Season
August is traditionally one of the quieter months in Naples, which makes the combination of rising sales and falling inventory particularly notable.
Year to date, pending sales are up 21.7% and closed sales are up 16.2%. At the same time, the supply of available homes has contracted considerably.
As we move toward the winter season, the question will be whether new listings begin to replenish that inventory. Naples typically sees more properties come to market as season approaches. If that happens, buyers could see additional choices. If new inventory remains constrained while demand continues at its current pace, the balance of the market could continue to tighten.
For buyers, there are still considerably more choices than during the highly competitive market of 2021 and 2022, but the inventory trend is worth watching.
For sellers, the data reinforces something we see property by property: buyers are active, but they are discerning.Homes that are well positioned, appropriately priced and presented effectively have a much stronger opportunity to stand out.
As always, Naples is not one market. Conditions can vary significantly by neighborhood, property type, price point and even individual building. If you’d like to know what these broader numbers mean for a specific property or area, I’m always happy to take a closer look.
Ready to Buy or Sell?
It’s time.
Shawn Stuben
