A total of 18,379 closed sales of single-family homes was recorded in Florida during February, up 3.9% year-over-year, while existing condo-townhouse sales totaled 7,060, up 8.6% year-over-year.
According to data from Florida Realtors, new pending sales increased year-over-year last month for both existing single-family homes, up 4%, and for condo-townhouse properties, up 9.1%. The statewide median sales price for single-family existing homes was $412,000, down 0.7% from a year ago; for condo-townhouse units, it was $309,000, down 1.9% compared to February 2025.
“Closed sales for both single-family homes and condo-townhouse units were up year-over-year for the sixth straight month, while median prices in both categories remained close to where they were a year ago,” said Florida Realtors Chief Economist Brad O’Connor.
The statewide level of single-family existing homes was at a 4.8-months’ supply while existing condo-townhouse properties were at a 9.3-months’ supply last month.
“New listings of single-family homes in February were significantly lower than they were in January,” O’Connor continued. “While it’s common for new listings to be lower in February than January, this year’s drop was unusually large. And if we compare last month’s new listings to the same month one year ago, they were down 9.5%. However, by historical standards, February’s new listings for single family homes were not low – it’s more a case of new listings last year at this time being unusually high. The same could be said for condo and townhouse new listings in February – we returned to more normal levels. On a year-over-year basis, this was a decline of 15.2% but was very much in line with the number of new listings we had each February from 2019 through 2022.”
Looking at the year’s market trends to date, O’Connor observed, “A couple months into 2026, it looks like we’re in for a more normal level of listings coming on to the market with slightly improved numbers of pending sales, rather than a much higher level of both going into the spring. This is still progress for the market, which has at the very least bottomed out in terms of sales and is inching its way back upward.”
