In the first quarter of 2025, more than 80% of metro markets in the U.S. saw home price gains, as the 30-year fixed mortgage rate fluctuated between 6.63% and 7.04%, according to the latest quarterly report from the National Association of Realtors. Eleven percent of the 228 tracked metro areas experienced double-digit price gains, though this was a slight decrease from 14% in the previous quarter.
Notably, Naples ranked among the top 10 most expensive markets for single-family homes, securing the No. 9 spot. While California dominated the list, with eight markets making up the top 10, both Honolulu and Naples stood out as exceptions.
In the Naples-Marco Island market, the median price for a single-family home was $865,000 in the first quarter of 2025, marking a 1.8% increase compared to the previous year. On the other hand, neighboring markets saw declines in median prices. The Cape Coral-Fort Myers market experienced a 3.6% decrease, with the median home price dropping to $400,000, while the Punta Gorda market saw a 6.8% drop, with a median price of $353,500.
