T
he Naples area residential real estate market experienced a significant surge in January, with inventory levels increasing by 40% and overall closed sales rising by 12%, according to data from the Naples Area Board of Realtors. The number of available properties reached 6,808 last month, including 2,233 new listings - a 23% jump from January 2023. Closed sales totaled 551, while pending sales stood at 933, representing an 8% year-over-year decline. Homes spent approximately 92 days on the market before selling, with a median closed price of $659,000.

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