DOWNING-FRYE: PENDING CONTRACTS STEADY
“We are now well into our summer selling season,” said Mike Hughes, V. P. and Gen. Mgr. of “How is the summer season going? All in all, the pending contracts have been steady,” said Mike Hughes, V. P. and Gen. Mgr. of Downing-Frye Realty, Inc. “If the property is priced right, it has a decent chance of selling. Over-priced homes are staying on the market a long time. At the end of July 2025, Downing-Frye had 860 listings. At the end of April 2025, we had 1,045 listings. What caused this decline? Frankly, it is normal. The contracts written during the winter season have largely closed and this puts downward pressure on inventory. Also, it is typical for some sellers to take their property off the market when they go on vacation during the summer months. We are now seven months into 2025 and Downing-Frye has had just over 1,000 closed transactional sides. This is down slightly compared to the same period a year ago. All in all, Downing-Frye agents have been active this summer as there are still a lot of people who want to live in paradise!”
BONITA / ESTERO: INVENTORY INCREASES
The Bonita Springs/Estero REALTORS® reported the first half of 2025 figures as compared to the first half of 2024. For single-family homes: new listings were up 11.4%, pending sales were down 0.4%, and closed sales were up 2.9%. The median sales price of $689,950 was down 4.2% and the total volume sold was $796M, up 3.4%. For Condominiums: new listings were up 8.8%, pending sales were down 8.2% and closed sales were down 2.7%. The median sales price was down 11.2% to $422,000 and the total volume sold was $396M, down 13.3%. On average, sellers of single-family homes received 94.5% of list price and condo owners received 95%.
NAPLES AREA: MORE OPTIONS; LOWER PRICES
In June 2025, the Naples Area Board of REALTORS® (NABOR®) reported that Naples area (excluding Marco Island) inventory increased 18.2% to 5,885 homes from 4,978 homes in June 2024. A moderate softening of home prices sparked a 1.5% increase in both pending and closed sales. The overall median closed sales price was $576,000, down 3.2% from June 2024. For single-family homes, the median closed sales price was $712,500, down 1.7%, and for condos was $453,500, down 5.5% from June 2024. In June, there was a total inventory supply of 9.2 months, with 2,833 single-family homes and 3,052 condominiums.
MARCO ISLAND AREA: JUNE SALES INCREASE
The Marco Island Area Assoc. of REALTORS® reported June 2025 figures as compared to June 2024: Inventory was up 14%; the number of properties sold was up 9%; the average days on market was up 83%; and the dollar volume sold was $154M, up 2% from the year before. In June, the median sales price for single-family homes was $1M, for condos was $760K and for lots was $825K.
FLORIDA: PRICES STILL MODERATING
In June, closed sales of existing single-family homes statewide totaled 23,827, up 2.8% year-over-year, while existing condo-townhouse sales totaled 7,809, down 6.4% over June 2024. The statewide median sales price for single-family existing homes in June was $412,000, down 3.5% compared to June 2024, while the statewide median price for condo-townhouse units was $300,000, down 7.7% from a year ago. For 2Q 2025, Florida’s single-family median sales price was $414,900, down 3.1% compared to the same quarter a year ago; the condo-townhouse median for 2Q was $310,000, down 6.1% year-over-year.
USA: EXISTING HOME SALES DECREASE
Existing single-family home sales decreased by 2.7% in June while there was a 2% increase in the median existing single-family home sales price to $435,300 – the highest ever. “The record high median home price highlights how American homeowners’ wealth continues to grow – a benefit of homeownership. The average homeowner’s wealth has expanded by $140,900 over the past five years,” said NAR Chief Economist Lawrence Yun. “Multiple years of undersupply are driving the record high home price. Home construction continues to lag population growth. If mortgage rates decrease in the second half of this year, expect home sales to increase across the country due to strong income growth, healthy inventory, and a record-high number of jobs.”
Sources: The Bonita Springs-Estero REALTORS®/SWFLMLS, Naples Area Board of REALTORS®, Marco Island Area Assoc. of REALTORS. If your property is currently listed with another broker, this is not a solicitation of that listing. National Assoc. of REALTORS®, Florida REALTORS® ©2009 Design by Downing-Frye-Marketing, powered by Naples Media Group, Inc.
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