The Naples area real estate market delivered a strong performance in February 2026, with buyers moving decisively and sales activity picking up notable momentum across both the single-family and condominium segments. Here’s what the latest data from the Naples Area Board of REALTORS® (NABOR®) tells us about where the market stands.
Pending Sales Surge Points to a Busy Spring
One of the most significant indicators this month is the sharp rise in overall pending sales, which climbed 55.9 percent to 1,314 — up from 843 in February 2025. Much of that surge was driven by the condominium segment, where pending sales rocketed up 82 percent to 714 from 392 in February 2025. With the December 31, 2025 deadline for structural integrity reserve studies and milestone inspections now behind us, buyer confidence in Naples-area condominiums appears to have returned strongly. Single-family pending sales also showed solid growth, increasing 33 percent to 600 from 451 in February 2025.
Closed Sales and Pricing
Overall closed sales increased 21.3 percent to 718 in February, compared to 592 in February 2025. The condominium market led the way with a 39.3 percent increase to 390 closed sales, while single-family closed sales rose 5.1 percent to 328. The overall median closed price came in at $647,500, reflecting a modest -0.4 percent decrease from $650,000 in February 2025. Single-family median closed price was $775,000 (down -0.6% from $780,000), and the condominium median closed price was $499,500 (down -0.1% from $500,000).
Inventory Tightening as Buyers Move Fast
Overall inventory decreased 15.1 percent to 6,447 properties, down from 7,594 in February 2025. New listings also declined 13.5 percent to 1,527 from 1,765, making it harder for supply to keep pace with demand. Average days on market increased 7.1 percent to 91 days from 85 days in February 2025 — a reminder that while buyer activity is strong, thoughtful pricing remains important for sellers.
What This Means for Buyers and Sellers
As Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc., noted in the NABOR® report: “Some buyers are still sitting on the fence because they believe interest rates will go back down soon. But the reality is, if sales activity continues to reduce inventory at the rate we saw in January and February, then it’s likely these buyers will have less room to negotiate price when they do finally reenter the market. Plus, prices could also rise again because of the laws of supply and demand, so waiting and hoping for an incremental rate drop may not improve home affordability.”
Ready to make your move in the Naples market? Contact one of Downing-Frye Realty, Inc. to learn about opportunities for experienced real estate professionals. For the full February 2026 Market Report, click here.
