Florida's housing market picked up momentum this summer. According to the latest data from Florida Realtors®, the state reported more closed sales, more new pending sales, and higher median prices for both existing single-family homes and existing condo-townhouse units in June and the second quarter (2Q) of 2026 than it did a year ago. Pending inventory — homes under contract but not yet closed — also rose year-over-year in both periods.
If you've been sitting on the sidelines wondering whether the market is stalling or moving, the short answer from the June numbers is: buyers are showing up. Here's a plain-English breakdown of what the data says and what it means whether you're buying or selling in Florida.
Closed Sales: Up Across the Board
Last month, closed sales of existing single-family homes statewide totaled 26,036, up 9.3% year-over-year, while existing condo-townhouse sales totaled 8,900, up 14% over June 2025. Zoom out to the full second quarter and the trend holds: single-family sales reached 75,080 (up 4.1%) and condo-townhouse sales hit 27,101 (up 9%) compared with 2Q 2025.
One thing worth remembering: closed sales can happen 30 to 90-plus days after a contract is signed, so June's closings largely reflect deals written in spring. It's a rear-view mirror on demand — and that mirror is showing growth.
Prices: Still Climbing, but Gently
The statewide median sales price for single-family homes in June was $432,000, up 4.9% from a year earlier. For condo-townhouse units, the median was $305,000, up 1.7%. Across the full quarter, the single-family median was $425,000 (up 2.4%) and the condo-townhouse median held at $310,000 — essentially flat versus 2Q 2025.
The takeaway: prices are still rising, but at a far more moderate pace than the pandemic-era spikes. As Florida Realtors' economists describe it, pricing continues to hover around the "new normal" peak that was established back in 2022. For buyers, that means less of the frantic bidding-war pressure; for sellers, it means pricing correctly still matters more than ever.
Florida at a glance — June & 2Q 2026 vs. a year ago
| Metric | June 2026 | 2Q 2026 |
|---|---|---|
| Single-family closed sales | 26,036 (+9.3%) | 75,080 (+4.1%) |
| Condo-townhouse closed sales | 8,900 (+14%) | 27,101 (+9%) |
| Single-family median price | $432,000 (+4.9%) | $425,000 (+2.4%) |
| Condo-townhouse median price | $305,000 (+1.7%) | $310,000 (flat) |
| Months' supply of inventory | SF 4.5 / Condo 8.1 | SF 4.5 / Condo 8.1 |
Why the Big Year-Over-Year Jumps?
Those double-digit gains look dramatic, and there's important context behind them. Year-over-year growth is measured against the same month a year earlier — and June 2025 was an unusually weak month for sales. When last year's starting point is low, even a modest improvement produces a large-looking percentage increase.
The rate story explains a lot. Around this time last year, mortgage rates were hovering closer to 7%, which cooled the 2025 spring buying season. Rates then eased to around 6% for the back half of 2025, and buyers responded. So far in 2026, closed sales continue to run ahead of 2025 — and the trend now more closely resembles the sales volumes Florida saw back in 2023. In fact, June 2023's numbers are nearly identical to this year's. Even with rates sustaining around 6.5%, buyers are moving forward when they find the right home.
Single-Family vs. Condos: A Tale of Two Markets
The supply figures reveal an important split. Single-family homes sat at just a 4.5-months' supply in both June and 2Q — that's still tilted toward sellers, since anything under roughly six months is generally considered a seller-leaning market. Condo-townhouse properties, on the other hand, carried an 8.1-months' supply, which points to more choice and more negotiating room for buyers on that side.
Practically speaking: if you're shopping for a single-family home, expect competition and be ready to move on the right listing. If you're open to a condo or townhouse, you likely have more leverage — but do your homework on HOA fees, reserves, and any special assessments, which have become a bigger factor for Florida condo buyers.
"Mortgage rates remain within the historical range buyers have successfully navigated for 20-plus years — and many are moving forward when they find the right opportunity."
What This Means If You're Buying
- You have real choices. Inventory is healthier than during the frenzy years, especially in the condo-townhouse segment. That means more time to think and more room to negotiate.
- Rates are workable, not record-low. At around 6.5%, waiting for a dramatic drop is a gamble. Buying the right home and refinancing later if rates fall is a strategy many buyers are using.
- Local matters more than headlines. A statewide median tells you almost nothing about your specific neighborhood or price band. Get a hyper-local read before you decide.
What This Means If You're Selling
- Buyers are active — but not reckless. Homes that are priced right and shown well are moving. Overpricing in a moderating market is the fastest way to sit.
- Presentation pays. With buyers weighing more options, staging, photography, and prep genuinely move the needle on both speed and price.
- Single-family sellers still have the edge. With just 4.5 months of supply, well-positioned single-family homes remain in a relatively strong seller's position.
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The Bottom Line
June and the second quarter of 2026 tell a consistent story: Florida's housing market is active and growing, with more sales and modestly higher prices than a year ago, supported by rates that — while not at pandemic lows — are firmly within the range buyers have navigated for decades. It's not the runaway market of 2021, and that's healthy. It's a market where prepared, well-advised buyers and sellers can do very well.
The one constant in every one of these reports is that the statewide average is not your street. Whether the numbers favor you depends entirely on your city, your price point, and your property type. That's where local expertise earns its keep.
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Frequently Asked Questions
Per the latest Florida Realtors® data, the market rose in June and 2Q 2026 versus a year ago, with more closed sales, more pending sales, and higher median prices for both single-family homes and condo-townhouses. Single-family closed sales were up 9.3% in June, and the single-family median price was up 4.9% to $432,000.
In June 2026, the statewide median sales price was $432,000 for existing single-family homes (up 4.9% year-over-year) and $305,000 for condo-townhouse units (up 1.7%). The median is the midpoint of all sales — half sold for more and half for less — and local prices vary widely by area and property type.
It depends on property type. Single-family homes had just a 4.5-months' supply in June 2026, which leans toward sellers. Condo-townhouse properties had an 8.1-months' supply, giving buyers more choice and negotiating room. As a rule of thumb, under about six months of supply favors sellers and above it favors buyers.
Part of the increase reflects an unusually weak June 2025, when mortgage rates were near 7% and cooled sales. With last year's baseline low, even modest 2026 improvement shows up as a large percentage gain. Rates easing to around 6–6.5% has also brought buyers back, with 2026 volumes now resembling 2023.
A statewide median won't tell you what your home is worth. Divito Real Estate Group provides a free, no-obligation local market snapshot based on your exact area, price point, and property type — just reach out and we'll put it together for you.
