Sizzling hot real estate market faces lack of inventory

Real estate sales in most of the markets in the region outpaced the statewide trend in 2020, with the Naples-Immokalee-Marco Island market leading the way.

Single-family home sales in Naples grew by 24% on a unit basis, according to MSA-level data provided by Florida Realtors. That’s more than quadruple the statewide growth rate of 6%. And those homes were not purchased cheaply, as the Naples median sale price reached nearly $500,000 (vs. $290,000 statewide), up 15% from last year.