Florida recorded 23,870 closed sales of existing single-family homes during July, up 5.1% year-over-year, while existing condo-townhouse sales totaled 8,194, up 11% from July 2025.
According to Florida Realtors Chief Economist Brad O’Connor, July marked the 11th consecutive month of year-over-year increases in closed sales for both property categories.
“The gains have been somewhat more pronounced on the condo side, however, in part because condo sales took an additional hit in recent years from new regulatory requirements, rising assessments, and challenges associated with insuring condo buildings,” he said. “But as associations and owners have had more time to adapt to these changes, the market appears to be adjusting, as well. And one thing condos and townhouses have going in their favor is that they generally provide a lower-priced path to homeownership at a time when affordability remains one of the most important factors driving the housing market.”
Statewide, new pending sales of single-family homes were up 2.4% in July compared to one year earlier, marking the 12th consecutive year-over-year increase for this sector. New pending sales of condo-townhomes last month rose 3.8% year-over-year. On the supply side of the market, single-family existing homes were at a 4.5-months’ supply in July while condo-townhouse properties were at a 7.8-months’ supply.
The statewide median sales price for single-family existing homes last month was $425,000, up 3.7% compared to July 2025, while the statewide median price for condo-townhouse units was $295,000, the same level one year earlier. The median is the midpoint; half the homes sold for more, half for less.
“Overall, the July numbers give us plenty of reasons to remain cautiously optimistic about where Florida’s housing market is headed,” said O’Connor. “Sales continue to grow, inventory is moving lower, and prices are either holding steady or beginning to rise again at the statewide level. Perhaps most importantly, we’re increasingly seeing evidence that buyers are returning to the market even without a major improvement in mortgage rates – which would certainly be a positive sign for the sustainability of this recovery going forward.”
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