Florida recorded 24,129 closed sales of existing single-family homes last month, up 2.4% year-over-year, while existing condo-townhouse sales totaled 9,309, up 6.9% year-over-year.
According to data from Florida Realtors, new pending sales of existing single-family homes were up 8% year-over-year while new pending sales of existing condo-townhouse units increased 14.7% compared to April 2025. Inventory for both property categories decreased from April 2025 – single-family existing homes were at a 4.7-months’ supply while condo-townhouse properties were at an 8.9-months’ supply.
“Since homes go under contract typically a month or two before the sale actually closes – particularly if mortgage financing is involved – new pending sales are a leading indicator of what closed sales will be a month or two later,” said Chief Economist Brad O’Connor. “So, looking at April’s new pending sales for single-family homes in Florida, that 8% year-over-year increase is more than double the increases we saw in each of the previous two months. As a result, I think we can be pretty confident that our run of rising closed sales will continue into May, and likely June. Only time will tell.”
“Now, if we look at new pending sales of condos and townhouses,” O’Connor added, “we also get an indication that this property type category will very likely continue to see stronger year-over-year sales growth than single-family homes over the next couple of months, as well. New pending sales of Florida condos and townhouses in April increased by nearly 15%. And, given that housing affordability is still a challenge across the state, other things being equal, condos remain one of the more affordable options in many local Florida markets.”
The statewide median sales price for single-family existing homes in April was $420,000, up 1.8% from the previous year, while the statewide median price for condo-townhouse units was $315,000, the same price as one year ago.
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