Florida recorded 23,128 closed sales of existing single-family homes during March, down 1.3% year-over-year, while existing condo-townhouse sales totaled 8,414, down 9.8% from one year earlier.
According to data from Florida Realtors, the statewide median sales price for single-family existing homes in March was $412,500, down 1.9% from the previous year, while the statewide median price for condo-townhouse units was $315,000, down 4.5% from March 2024.
On the supply side of the market, new listings for existing single-family homes in March were up 10.8% year-over-year while new listings for condo-townhouse units in March were up 5.8% for the same period.
Florida Realtors also reported statewide existing single-family home sales totaled 56,209 for the first quarter, down 1.9% from one year before, while statewide existing condo-townhouse sales totaled 20,704, down 9.2% from the same quarter in 2024.
The statewide median price for single-family homes was $414,555 in the first quarter, a scant 0.1% dip from one year before, while the statewide median price for condo-townhouse properties was $315,000, down 3.2% year-over-year.
New listings for existing single-family homes were up 9.6% for the first quarter compared to one year earlier while new listings for condo-townhouse units were up 4.1% year-over-year.
As for inventory, single-family existing homes were at a 5.5-months’ supply while condo-townhouse properties were at a 10.1-months’ supply for both timeframes.
“While closed sales of Florida single-family homes were down year-over-year for the second consecutive month in March, it was only by 1.3%,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “That’s a big improvement over February’s more than 7% decline. What’s more, the number of single-family homes that went under contract in March was actually up year-over-year by over a half of a percent.”
