Florida closed 2024 with 252,688 closed sales of existing single-family homes, down 1.9% compared to the 2023 year-end level, according to data from Florida Realtors. For existing condo-townhouses, a total of 94,380 units sold statewide last year, down 10.5% compared to one year before.
The statewide median sales price for single-family existing homes in 2024 end was $420,000, up 2.4% from the previous year. The statewide median price for condo-townhouse properties at the end of the year was $320,000, down 0.8% year-over-year.
“Overall, the 2024 Florida housing market saw mostly modest declines in sales and little change in the way of home prices,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “Even though there were some fluctuations in mortgage rates, they remained in the high range relative to recent years. The most significant changes occurring in 2024 were the widening performance gap between the single-family market and the condo and townhouse market and the overall rise in inventory levels.”
For December, Florida recorded 20,784 closed sales of single-family homes, up 12.8% from the prior year, while existing condo-townhouse sales totaled 7,169, down by 0.5% year-over-year. The statewide median sales price for single-family existing homes was $415,000, up 1.2% from the previous year, while the statewide median price for condo-townhouse units was $315,000, down 4.5% over the year-ago figure.
“That strong performance put us at nearly 253,000 statewide single-family closed sales for the year overall, which is just less than 2% below 2023’s total of nearly 258,000 sales, but also the fewest annual sales we’ve seen since 2014,” he said. “There was little variation across the state in 2024, as most counties only saw small year-over-year declines.”
