Naples home sales increase 7%

NAPLES -- Home buyers purchased 260 existing single-family residences in Naples in November, up 7% from the same month a year ago, according to the Naples Area Board of Realtors' latest data.

But prices appear to have gone down. A year ago, the median price for existing homes sold was $204,000; this year, the median was $179,000, a 12% drop.

Part of the reason for that decrease may be a lack of demand for houses priced between $300,000 and $500,000. Closings at those price points fell from 44 to 31, while sales at every other price point increased over the year.