Naples real estate slows down

NAPLES — Fewer existing residential properties are selling in Naples compared to last year, and at lower prices, according to data recently released by the Naples Area Board of Realtors.

In the year that ended April 30, the number of total existing residential properties sold equaled 7,955, down from 8,145 in the prior year. The median sale price for that period was $175,000, according to Naples Realtors, down from $180,000.

Viewed separately, the markets for home and condo sales showed diverging trends. For homes, sales volumes are down while prices have recovered slightly; for condos, more properties are being sold, but prices have fallen.