Florida Housing Market Shows Balanced Growth in Q1 2026
Event summary
- Closed sales of existing single-family homes in Florida rose 5.9% year-over-year in March 2026, while condo-townhouse sales increased 12%.
- First-quarter 2026 closed sales of single-family homes totaled 59,174, up 5.3% year-over-year; condo-townhouse sales rose 9%.
- Median sales price for single-family homes in March was $420,000, up 1.8% from the previous year, while condo-townhouse prices remained steady at $315,000.
- New pending sales of single-family homes increased 3.3% in March and 7.1% for Q1 2026; condo-townhouse pending sales rose 9.6% in March and 11.6% for Q1.
- Inventory for single-family homes was at a 4.8-months' supply, while condo-townhouse inventory was at a 9.1-months' supply.
The big picture
Florida's housing market is demonstrating a more balanced and sustainable direction, with consistent sales growth and stable price trends. The market's health is supported by improving inventory levels and motivated buyers, despite fluctuations in mortgage rates. This trend reflects broader economic factors, including rising incomes and life changes prompting home sales.
What we're watching
- Mortgage Rate Impact
- How rising mortgage rates in response to global oil prices will affect future closed sales and buyer behavior.
- Inventory Dynamics
- Whether the current inventory levels will sustain the balanced growth observed in the first quarter.
- Price Stability
- The pace at which median home prices will adjust in response to increasing pending sales and buyer motivation.