A total of 21,271 closed sales of existing single-family homes were recorded in Florida during September, up 13.6% year-over-year, while existing condo-townhouse sales totaled 7,187, up 8% from one year ago.
According to data from Florida Realtors, statewide existing single-family home sales during the third quarter of this year totaled 65,776, up 1.6% year-over-year, while statewide existing condo-townhouse sales totaled 21,992, down 4% during the same period.
The statewide median sales price for single-family existing homes in September was $410,000, unchanged from one year earlier, while the statewide median price for condo-townhouse units was $299,000, down by 4.8% from September 2024. During the third quarter, Florida’s single-family median sales price was also $410,000, down 1.2% year-over-year, while the condo-townhouse median of $295,000 was 6.1% lower than the same period last year.
On the supply side of the market, single-family existing homes were at a 5.1-months’ supply in September and the third quarter while condo-townhouse properties were at a 9.1-months’ supply for both timeframes.
“New pending sales of Florida single-family homes were up by 7% compared to a year ago in September,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “And likewise, over in the condo and townhouse category, new pending sales were up by 6.6%. So now we have two consecutive months (August and September) where new pending sales have been up year-over-year in both property type categories. While it’s still a little early to definitively declare a shift in the overall trend to one of longer-term positive sales growth, at the very least we can be more confident we’re moving in that direction than we were a month ago.”
