Naples, FL housing market

In Naples right now, the single most important number is ninety six. That is the median days on market, and it tells you this is a slow market where patience is required. There are about four thousand seven hundred homes for sale, and roughly 700 more came on in the past month, so buyers have plenty to choose from. Meanwhile the typical home value sits at about five hundred fifty-seven thousand dollars, down about 3.4 percent over the past year. Here is where sellers get into trouble. The median list price is around six hundred fifty-six thousand dollars, nearly a hundred thousand dollars above what a typical home is actually worth. That gap helps explain why homes sit, and why about 14 percent of listings have already taken a price cut. If you are selling in Naples this summer, price to the market, not to your hopes. An ambitious asking price here does not get negotiated down. It gets ignored.