February's overall median closed price was $550,000, a 37.5 percent increase over the median closed price in February 2021. The high demand for homes is demonstrated by the number of showings in February, 43,032. When divided by the number of homes in inventory during February (1,176), that is on average 36 showings per home. For perspective, in 2019, there were 2.9 showings per home.
The median closed price in February increased 37.5 percent to $550,000 from $400,000 in February 2021. It seems like prices are starting to settle down. The median closed price only increased .2% from January and there were more decreases in February than increases, with a total of 276 price decreases and 170 Price Increases.
It is only due to a lack of inventory that home sales in Naples did not fare as well as last February. While overall closed sales decreased 39.5 percent to 804 in February from 1,330 in February 2021, the only area where we are seeing a decrease in closed sales over the last year is in the $300,000 and below price category.