Florida recorded 23,827 closed sales of existing single-family homes in June, up 2.8% year-over-year – the first gain in that metric since January – while existing condo-townhouse sales totaled 7,809, down 6.4% over June 2024, according to data from Florida Realtors.
For the second quarter of the year, the statewide existing single-family home sales total was 72,155, down 2.6% from one year earlier, while statewide existing condo-townhouse sales totaled 24,864, down 14.2% year-over-year.
On the supply side of the market, single-family existing homes were at a 5.6-months’ supply in June and the second quarter, while condo-townhouse properties were at a 10-months’ supply for both timeframes.
The statewide median sales price for single-family existing homes last month was $412,000, down 3.5% compared to June 2024, while the statewide median price for condo-townhouse units was $300,000, down 7.7% from one year earlier
For the second quarter, Florida’s single-family median sales price was $414,900, down 3.1% compared to the same quarter one year before, while the condo-townhouse median for the second quarter was $310,000, down 6.1% year-over-year.
“There were 2.7% fewer single-family homes listed for sale this June than in the same month last year – that’s the second straight month with a decline after we saw a fair amount of growth in new listings over the first four months of the year,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “Single-family new listings for the second quarter overall were down by 0.7%, and this trend will likely continue through the summer months. New listings of condos and townhouses were down 7.5% year-over-year in June, and by 6.2% for the second quarter overall. This cooling of new listings has led to a slowdown in inventory growth in recent months, despite sales being well below where they were last year.”
