Florida recorded 24,915 closed sales of existing single-family homes in May, up 0.6% year-over-year, while existing condo-townhouse sales totaled 8,897, up 6.6% over May 2025.
According to Florida Realtors, May marked the ninth month in a row that closed sales rose year-over-year in both property categories. However, Chief Economist Brad O’Connor pointed out that the 4.8% increase in pending sales of existing single-family homes “isn’t quite enough to ensure that the closed sales streak will continue into June, but it very well may.”
O’Connor added, “With a 6.6% increase year-over-year, condo and townhouse closed sales were up by a more comfortable margin than that of single-family homes– and new pending sales in this category were up by 9% (compared to May 2025), which means the nine-month streak in higher year-over-year closed sales in this category is almost assuredly safe going into next month.”
The statewide median sales price for single-family existing homes in May was $425,000, up 2.4% from the previous year, while the statewide median price for condo-townhouse units was $306,990, down 1% compared to the same month last year. Active listings for both property categories were down year-over-year – a 4.7-month supply for single-family existing homes and an 8.6-month supply for condo-townhouse properties.
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