Published October 11, 2026 in Market Update

City of Naples got quicker, but not tighter

By Agnes Zak

Real estate, City of Naples

The one number that changed the most: median days on market in the City of Naples dropped 27 days from a year ago, per the Real Estate Data Aggregator. That sounds like good news for sellers. It is, partly. Homes are moving faster. But 124 days is still 124 days. At least for now.

Realtor.com reported that mortgage rates topped 7% in September 2026, for the first time since January 2025. That is the backdrop. Buyers are still showing up in the City of Naples, but they are being careful about which homes they move on quickly.

What the numbers say

The Real Estate Data Aggregator counted 115 homes sold in the three months ending August 31, 2026. That is down 2.5% from the same period a year earlier. Sales slipped a little. New listings did the opposite.

New listings rose 18.9% from the same period last year, per the Real Estate Data Aggregator. More sellers came to market. Fewer buyers closed. That combination keeps supply from tightening much. Months of supply sits at 7.5, down only 0.2 months from a year ago.

Price held, but sellers still gave ground

The Real Estate Data Aggregator put the median sale price at $2,350,000 for the three months ending August 31, 2026. That is up 1.6% from a year ago. Prices did not fall. They barely moved.

The average sale closed at 92.6% of list price, up 2.5 points from a year ago, per the Real Estate Data Aggregator. That improvement is real. But it still means the typical seller accepted less than their asking price. Only 1.7% of homes sold above list price. Nearly every sale closed below it.

Speed improved, but it was not even

The share of homes that went under contract within two weeks of listing was 5.4%, down 1 point from a year ago, per the Real Estate Data Aggregator. So fast sales got a little less common, even as the overall median time shrank. The middle of the market moved quicker. The fast end did not.

Pending sales tell a similar story. The Real Estate Data Aggregator counted 92 pending sales, down 16.4% from the same period a year ago. Fewer buyers are in the pipeline right now. That matters for what comes next, though this report does not predict it.

One local deal worth noting

Gulf Shore Business reported on October 6, 2026 that Commerce Bank paid $24.1 million for FineMark's North Naples office building. That works out to $560 per square foot. For context, a nearby Truist Building sold two years ago at $312 per square foot. That gap says something about where commercial values have moved, at least in that corridor.

The national backdrop

The Federal Housing Finance Agency reported that U.S. house prices rose 2.6% from July 2025 to July 2026. Month over month, prices rose 0.3% in July, seasonally adjusted. The City of Naples median, up 1.6% year over year, ran a little below the national pace. Not a warning sign on its own. Just a number worth knowing.

These numbers cover all of the City of Naples together. One block, one street, or one building can read very differently from the whole. The data above is a starting point, not the whole answer for your property.