May Home Sales Trim Inventory Heading into Summer

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 that 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 tracks home 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.

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.

Despite the median closed price increasing in April and May, the May Market Report showed 1,243 price decreases compared to 56 price increases.

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 that perfect balance, turning a home-owner’s built-up equity into maximum profit when their home is sold.

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 NABOR® May 2026 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (singlefamily and condominium) findings for 2026:

Demographic Standouts

The luxury market in Naples is performing very well in 2026. By the end of May, sales of single-family homes over $1.5 million increased 25 percent compared to sales of single-family homes in the same price category during the first five months of 2025. Not surprisingly, because several large luxury sales took place in the Naples Beach area (34102, 34103, 34105), the median closed price of single-family homes there increased 71.6 percent in May to $4,600,000 from $2,681,250 in May 2025.

Geographically, sales of properties in eastern Collier County are on the rise, up 36.5 percent in May. In fact, of the 1,214 properties on the market in East Naples (34114, 34117,34120, 34137), the largest number of overall price decreases reported during May occurred in that area, which spurred sales activity.

According to the report, 61 percent of the overall closed sales in May were cash buyers. With inventory now lower than pre-pandemic levels, summer buyers should work closely with a REALTOR® because competition – especially for properties in the over $1.5 million range, which reported a 37 percent decline in inventory during May – is about to heat up.

If you are considering buying or selling your home, look to a Naples REALTOR® who can provide an accurate market comparison and give you expert advice on how to capitalize on today’s market conditions. A REALTOR® can ensure your next purchase or sale in the Naples area is a success. Search for your dream home and find a Naples REALTOR® on Naplesarea.com.