Florida sales rise for a ninth straight month as single-family and condo prices split

What’s happening

Florida Realtors’ May 2026 housing data, released June 16, shows the state’s market staying active and “increasingly balanced.” Closed sales of existing single-family homes totaled 24,915 statewide (up 0.6% year-over-year), while existing condo-townhouse sales totaled 8,897 (up 6.6%). It’s the ninth month in a row that closed sales rose year-over-year in both categories.

The more interesting story is in prices, which are now moving in opposite directions:

• Single-family median price: $425,000, up 2.4% from a year ago.
• Condo-townhouse median price: $306,990, down 1% from a year ago.

Inventory tells the same two-speed story. Single-family homes sat at a 4.7-months’ supply (still tilted toward sellers), while condos and townhomes were at an 8.6-months’ supply — comfortably in buyer’s-market territory. New pending sales rose in both categories, which Florida Realtors chief economist Dr. Brad O’Connor said suggests the streak is likely to continue, though he cautioned that where it goes next “continues to be heavily contingent on where mortgage rates go from here.”

Why this matters if you’re buying in Florida

The headline “nine straight months of rising sales” can make it sound like a hot market you need to chase. The price and inventory data underneath tell a more useful story: single-family and condo buyers are in very different negotiating positions right now.

What to do with this:

• If you’re buying a single-family home, expect competition — but not a frenzy. A 4.7-month supply with prices up only 2.4% is a long way from the bidding wars of 2021–2022. You have room to negotiate inspection items and closing-cost credits, but move quickly on well-priced homes in good school ZIPs.
• If you’re open to a condo or townhome, this is genuinely your market. An 8.6-month supply and slightly falling prices mean real leverage. Just do the homework Florida condos demand — see the caveat below.
• Vet every condo’s finances before you fall in love. Falling condo prices are partly driven by Florida’s structural-reserve law and rising insurance costs pushing up association assessments. Ask for the reserve study, the last two years of budgets, and any pending or approved special assessments before you write an offer.
• Don’t try to time the rate bottom. O’Connor tied the market’s direction to mortgage rates, which have stayed range-bound in the low 6s. Run your affordability math on today’s rate, not a hoped-for future one.

Related FAQs

• Is it a buyer’s or seller’s market in Florida?
• How much house can I afford?
• Steps to buying a home in Florida