Profit margins on median-priced single-family home and condo sales in the U.S. decreased to 55.3% in the first quarter, according to land, property and real estate data curator Attom. The decline in typical profit margins, from 57.1% in the fourth quarter of 2023 and from 56.5% a year ago, came as the median nationwide home price went down quarterly by 4.3% to $330,000. With a typical profit margin that dropped from 88.4% to 62.9%, Naples trailed only Lake Havasu City, Arizona, in profit margin decreases among metro areas with at least 1,000 single-family home and condo sales in the first quarter. Naples also ranked fourth in areas where cash sales represented the largest share of all transactions in the first quarter with 63.7%.