Florida Housing Market Shows Signs of Stabilization with Rising Sales and Slower Price Declines
Event summary
- Closed sales of single-family homes in Florida rose 3.9% year-over-year in February 2026, while condo-townhouse sales increased 8.6%.
- Median prices for single-family homes and condo-townhouse units declined 0.7% and 1.9% respectively, marking a slower pace of price easing.
- New listings for single-family homes dropped 9.5% year-over-year, and condo-townhouse listings fell 15.2%, returning to more normal historical levels.
- New pending sales increased 4% for single-family homes and 9.1% for condo-townhouse properties compared to February 2025.
The big picture
Florida's housing market is showing signs of stabilization with six consecutive months of year-over-year increases in closed sales. The slower pace of price declines suggests a potential bottoming out of the market, though the significant drop in new listings compared to last year indicates a return to more normal historical levels rather than a sustained decline. The market appears to be inching back upward, with slightly improved pending sales and a more balanced supply of single-family homes and condo-townhouse properties.
What we're watching
- Market Momentum
- Whether the current momentum in closed and pending sales can be sustained as the market moves into the spring buying season.
- Inventory Levels
- The pace at which new listings return to the market, as current levels are significantly lower than last year.
- Price Trends
- How median prices will continue to trend, given the slower pace of decline and the potential impact of rising sales activity.
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