Naples FL Real Estate Market Report - January 2022

Naples FL is a beautiful oceanfront city on the Gulf of Mexico that is well-known for its luxury shopping, top-rated golf courses, white sand beaches, and exquisite dining. Naples FL real estate offers something for everyone whether you are looking for a primary residence, secondary home, rental properties or investment property for your real estate portfolio. In January 2022, the Naples FL real estate market continued to be strong with a little over 3,000 homes and condos listed for sale. This is an increase from last year at this time when there were 1,700 Naples FL homes for sale. The median closed price for single-family homes in Naples FL was $695,000 in January 2022 which is a 26% increase from last year. If you are considering purchasing a Naples FL home or condo, we hope you will subscribe to our newsletter and learn what is going on in the Naples real estate market as well as the surrounding communities.

Naples FL Real Estate market report is designed to help buyers and sellers understand the Naples FL real estate market drivers. The Naples FL market metrics we follow monthly are; number of Naples sales transactions, the number of Naples homes and condos that are listed for sale, Naples average days on market and Naples current real estate inventory of homes on the market. Naples is a great place to buy a vacation home. If you are thinking about buying or selling a Naples home, please contact us for more information about the naples FL Real Estate market.

Naples FL Real Estate Trends and Statistics - January 2022:

• Sales activity reported - Naples FL
• Number of Listings - Naples FL
• Avg Days on Market - Naples FL
• Months of Inventory - Naples FL

Naples FL - Number of Sales by Month - January 2022

Sales activity decreased by 24% in Naples FL in the current month. January sales activity reported, was 869 homes sold. That is 281 fewer sales than the previous month (Dec 2021), when 1,150 homes sold. One year ago (Jan 2021), the number of home sales in Naples FL was 1,161, Compared to Jan 2022, that is a 25 percent decrease.

Despite January sales activity showing a decline from the previous month, low inventory and high demand continues throughout Southwest Florida. These are the main factors that continue to push home prices higher.

Naples FL - Homes for Sale by Month - January 2022

For January 2022, there were 3111 homes for sale in the Naples real estate market, a 14 precent increase over the previous month. In December 2021, there were 2,728 active home listings on the Naples real estate market. When we compare Jan 2022 to Jan 2021, we see that there were 5,553 homes for sale or new listings on the market in Collier County, one year ago.

The Naples real estate market realized a small increase in the number of new listings coming on the market in January compared to the previous month. However, a year ago(Jan 2021), there were nearly 2500 homes for sale in the Naples

Naples FL - Average Days on Market by Month - January 2022

In January, the average days on the market was 23 days, that is 3 days fewer than the previous month (Dec 2021), when average days on the market in Naples was 26. As the chart below clearly shows, average days on the market has declined steadily over the past year, primarily due high demand and low inventory. One year ago (Jan 2021), average days on market was 79, that is 56 fewer days on market.

Naples FL - Real Estate Market Inventory by Month - January 2022

In Naples FL, there is a 4 month supply in the number of homes for listed for sale in Naples FL. That is up from the previous month (Dec 2021), when the supply of properties on the market was at 2 months. As the chart below shows, the inventory level was at 5 months, one year ago. Despite the fact that the number of homes for sale in Naples, increased in Janaury, market conditions favor seller’s.

The real estate industry measures inventory levels in one month increments. That is determined by how many months it would take to sell off the inventory of homes that are listed for sale on the market based on the average rate of sales by month. In Naples FL, there are currently 3,011 housing units for sale. That is a 4 month supply based on how fast homes are selling in the Naples FL real estate market.

Naples FL - Real Estate Market Statistics - Jan 2022

Summary: Naples FL Real Estate Market Report - January 2022

In summary, demand for homes in Southwest Florida, and the Naples area in particular, continues to be strong. Tight inventory continues to push home prices higher in the short term. Buyers can expect prices to be at premium levels, until more inventory comes on the market and begins to outpace the flow of inventory that is being purchased.

Information source: Broker analysts reviewing January 2022 Market Report published by the Naples Area Board of Realtors (Nabor),which tracks home listings and sale in Collier County (ecluding Marco Island).