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The Naples area residential real estate market featured 5,139 pieces of inventory in February, a 67% year-over-year increase, according to data from the Naples Area Board of Realtors. In addition, new listings were up 25% from February 2023, while there were 1,167 overall pending sales and 636 overall closed sales, amounting to 5% and 9% decreases, respectively. Homes spent an average of 29 days on the market with the median closed price being $625,000. 

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