Florida Housing Market Updates
Florida’s Housing Market Shows Milestone in Early 2026
Florida’s housing market continued to show signs of stability in February 2026, with both closed sales and new pending sales rising compared to last year. The latest report from Florida Realtors indicates that buyer activity remains strong as the market moves toward the busy spring homebuying season.
Closed Home Sales Continue to Rise
In February, single-family home sales reached 18,379 statewide, representing a 3.9% increase compared to February 2025.
Meanwhile, condo and townhouse sales totaled 7,060, marking an even stronger 8.6% increase year-over-year.
These numbers reflect contracts written in previous months, since most home closings occur 30 to 90 days after purchase agreements are signed.
Chuck Bonfiglio, president of Florida Realtors®, noted that buyer activity remains steady across many areas of the state as the market transitions into spring.
Home Prices Remain Stable
While sales increased, home prices remained relatively close to last year’s levels.
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Median price for single-family homes: $412,000 (down 0.7% year-over-year)
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Median price for condos and townhomes: $309,000 (down 1.9% year-over-year)
The median price represents the midpoint of all home sales, meaning half the homes sold for more and half sold for less.
New Listings Decline After Previous Surge
New listings of single-family homes declined 9.5% compared to February 2025, while condo and townhouse listings fell 15.2% year-over-year.
However, experts emphasize that this decline reflects a return to more typical levels rather than a shortage of inventory. In fact, listing numbers are similar to the February averages seen between 2019 and 2022.
Pending Sales Indicate Continued Buyer Activity
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Pending sales for single-family homes increased 4% year-over-year
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Pending sales for condos and townhomes rose 9.1%
These figures suggest that buyer interest remains strong as the market heads into the peak spring homebuying season.
Housing Inventory Levels
Inventory levels varied between property types in February:
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Single-family homes: 4.8 months’ supply
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Condos and townhomes: 9.3 months’ supply
A balanced housing market is typically considered to have around five to six months of inventory, meaning single-family homes are approaching balanced conditions while the condo market currently has more supply available.
What This Means for Buyers and Sellers
Key takeaways include:
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Sales activity continues to recover
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Home prices are stabilizing
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Inventory is returning to more normal levels
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Buyer demand remains active heading into spring
For buyers, this could mean more choices and negotiating opportunities. For sellers, pricing and marketing strategy remain critical for attracting qualified buyers.
Explore Opportunities in Florida’s Housing Market
Understanding market trends can help buyers and sellers make confident real estate decisions.
The team at Laura Graves Real Estate provides expert guidance, local market insights, and personalized service to help clients navigate Florida’s evolving housing market.
Whether you’re searching for your next home or preparing to sell, professional guidance can help you take advantage of today’s opportunities.
Contact Laura Graves Real Estate today to learn more about available listings and current market conditions in Florida.
Phone: +1 786-457-8001
Email: [email protected]
