Naples Real Estate Market Update: February 2026

This is the market read for February 2026. For the latest figures, see the current Naples market report.

February was the month buyers stopped browsing. Pending sales rose 55.9 percent over February 2025 and 23.4 percent over January 2026. Buyers from the north and east arrived and wrote contracts in both the resale and new construction markets.

The condominium dam broke

Pending sales of condominiums rocketed up 82 percent to 714 from 392 a year earlier. The reason is specific and worth understanding: the December 31, 2025 deadline for structural integrity reserve studies and milestone inspections had passed. Naples condominiums came through those inspections better than most of Florida, because they were built well and maintained well. Once the uncertainty cleared, buyers moved.

Closed sales followed

Overall closed sales rose 21.3 percent to 718 from 592. Condominium closings rose 39.3 percent to 390 from 280. Single family rose 5.1 percent to 328 from 312, with single family pending sales up 33 percent, which pointed to stronger closings ahead. On the beach, in 34102, 34103, and 34108, condominium closed sales rose 63 percent.

Prices barely moved

The overall median closed price slipped 0.4 percent to $647,500 from $650,000. Essentially flat. Of the 6,447 properties in inventory, 2,104 recorded a price decrease during the month. Sellers were pricing to sell and getting paid close to where they expected.

Inventory could not be replaced

Inventory fell 15.1 percent to 6,447 from 7,594. New listings fell 13.5 percent to 1,527 from 1,765. Builders stepped into the gap, some selling more homes in January than in the previous fifteen months combined, often offering rates a point to a point and a half below market.

Figures from the Naples Area Board of REALTORS monthly market report for Collier County, excluding Marco Island. Compiled by Michael Sutkus, PA, Downing-Frye Realty Inc. Deemed reliable, not guaranteed.