Short Answer
Not uniformly. The overall median closed price is roughly flat, single-family homes have held up while condos have been the soft spot, and the market is back to about 5.4 months of supply. Prices eased from the peak, but this is a stabilizing market, not a collapse.
It is the question I hear more than almost any other, and the honest answer is: not uniformly, and not in the way some headlines suggest. The Naples market cooled meaningfully through late 2025, and prices did come down from the peak. But the 2026 data shows a market that has largely stabilized, with single-family homes holding up far better than condos and the overall median roughly flat.
The Overall Median Is Roughly Flat
NABOR's most recent reports show the overall median closed price in Collier County at about $575,000 for August 2026, down roughly 1.7 percent from a year earlier and roughly in line with where it has sat for most of the year. The full-year 2025 median was about $594,500, with single-family down 2.8 percent and townhouse-condo down 7.5 percent year over year. So the broad picture is a price that eased, then settled, not a freefall.
Single-Family Has Held Up
The strength in the market has been in single-family homes, where closed medians have sat in the mid-$700,000s through much of 2026 and have risen year over year in several recent months. Buyers who want a house with a yard, a canal, or a Gulf-adjacent lot have been competing for a smaller pool of inventory. That is where the market has felt the firmest.
Condos Are the Soft Spot
The condo segment is where prices have actually dropped. Condo medians have come in down roughly 5 to 8 percent year over year in several months of 2026, and condos are carrying more inventory and longer days on market. Rising association fees, special assessments, and insurance have all weighed on demand. For a buyer, that means real negotiating room on condos right now. For a seller, it means pricing discipline matters more than ever.
What It Means for Buyers and Sellers
The market has swung from the strong buyer's market of late 2025 back toward balance, with about 5.4 months of supply and homes taking roughly 99 days on average to sell. Sellers are receiving about 94.8 percent of their last list price on average, and median list prices early in 2026 ran roughly 8 percent below a year earlier. None of that means you should wait for a crash to time your purchase. It means the asking price is a starting point, and the properties that sell are the ones priced where the data says they should be.
Key Things to Remember
- The overall median closed price is roughly flat, not collapsing.
- Single-family medians in the mid-$700,000s have held up; condos have been the soft spot.
- Condo medians fell roughly 5 to 8 percent year over year in several 2026 months.
- About 5.4 months of supply means buyers have real leverage, especially on condos.
- Sellers who price to the data still sell; overpriced homes accumulate days on market.
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