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Total closed sales of homes and condominiums in the Naples area were down slightly year over year in February.

According to the Naples Area Board Of Realtors (NABOR), there were 687 total closed sales last month, down from 694 in February of 2012. The sales of condominiums actually increased 10% from 347 one year ago to 383 last month. This was offset by a decrease in home sales from 347 one year ago to 304 in February 2013.

The median price of closed sales in the Napes area, excluding Marco Island, increased significantly to the current $220,000 from $180,000 12 months ago.

Inventory continues to shrink. Today there are 6,843 homes and condominiums listed for sale with the assistance of a Realtor, a drop of more then 1,000 in the past year.

The average number of days it takes to sell a home in the Naples area has increased six days in the past year to 168.