Florida Condo Sales Grow
Florida Condo Sales Grow at Both Ends of the Market: What It Means for Buyers and Investors in 2026
Florida’s condominium and townhouse market continues to gain momentum in 2026, demonstrating that buyer demand remains strong across both affordable and luxury segments. According to the latest Florida Realtors data, closed condo and townhouse sales increased 9% year over year during the second quarter, with particularly impressive gains among homes priced below $200,000 and luxury residences exceeding $1 million.
The report highlights an evolving market where first-time buyers, retirees, investors, and luxury purchasers are all finding opportunities despite higher mortgage rates and ongoing affordability concerns.
Affordable and Luxury Condos Lead Florida’s Growth
One of the most notable trends from the second-quarter report is that activity increased at both ends of the pricing spectrum.
Sales of condos and townhomes priced under $200,000 climbed 18.4%, totaling 6,205 transactions. These properties continue attracting first-time buyers, downsizers, retirees, and investors searching for attainable housing options.
At the same time, Florida’s luxury condominium market remained exceptionally active. Sales of properties priced at $1 million or more surged 29.5%, reaching 2,195 closed transactions.
Luxury demand extended well beyond the entry-level million-dollar category:
- Sales from $1.25 million to $1.49 million increased 33%, while homes priced between $1.5 million and $2 million rose 37.4%.
- Ultra-luxury properties continued to perform exceptionally well, with $5 million to $10 million sales increasing 48.8%, and properties exceeding $10 million jumping 59.3%.
These numbers reinforce Florida’s continued appeal among affluent domestic and international buyers seeking luxury waterfront lifestyles and long-term investment opportunities.
Middle Market Remains Stable
While affordable and luxury properties generated the strongest headlines, the middle of the market continued to perform steadily.
Sales increased modestly for homes priced between $200,000 and $399,999, reflecting continued buyer demand despite financing challenges. The only segment experiencing a slight decline was the $800,000 to $899,999 price range, which fell 3.2% year over year.
Overall, Florida recorded 27,106 condo and townhouse sales during the second quarter, while the statewide median sale price remained stable at $310,000.
Stable pricing alongside higher sales activity suggests a healthier market where buyers have more opportunities without dramatic price fluctuations.
Regional Markets Continue to Shine
Several Florida metropolitan areas posted particularly impressive growth.
Panama City led the state with a remarkable 40.1% increase in condo and townhouse sales, followed by Punta Gorda (31.6%), Cape Coral–Fort Myers (26.9%), Sebastian–Vero Beach (26.6%), and Naples (21.3%).
These markets represent a diverse range of price points and buyer profiles, demonstrating that Florida’s housing demand extends well beyond major metropolitan areas.
Meanwhile, South Florida—including Miami-Dade, Broward, and Palm Beach Counties—continues attracting both domestic and international buyers thanks to strong employment growth, luxury developments, favorable tax advantages, and year-round lifestyle amenities.
What This Means for Buyers and Sellers
For buyers, expanding inventory and stable pricing create opportunities to negotiate while still benefiting from Florida’s long-term appreciation potential.
Luxury buyers continue to view Florida as a premier destination for primary residences, second homes, and investment properties, while entry-level buyers are finding more options in communities offering improved affordability.
For sellers, today’s market rewards realistic pricing, professional marketing, and properties that are move-in ready. As inventory gradually increases, buyers have more choices, making presentation and local market expertise more important than ever.
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Phone: 786-457-8001
Email: [email protected]
