Florida Housing Market Stabilizes in 2025: Single-Family Sales Rise, Prices Cool
Event summary
- Closed sales of existing single-family homes in Florida rose 0.9% year-over-year to 255,012 units in 2025.
- Statewide median price for single-family homes fell 1.4% to $413,990, while condo-townhouse prices dropped 4.7% to $310,000.
- Inventory levels returned to normal seasonal patterns with 4.6 months' supply for single-family homes and 8.8 months for condos.
- Fourth-quarter single-family sales surged 7.7% compared to 2024, driven by a five-month streak of rising pending sales.
The big picture
Florida's housing market showed signs of stabilization in 2025, with single-family sales recovering from earlier declines and prices cooling after years of upward pressure. The market shift came as mortgage rates fell and homeowner insurance premium growth slowed, creating more balanced conditions for buyers and sellers. While single-family homes showed positive momentum, condo sales continued to struggle under the weight of safety regulations implemented since 2022. The market's sustainability will depend on whether these trends persist as economic conditions evolve.
What we're watching
- Regulatory Impact
- Whether condo sales can recover from regulatory-driven declines seen in 2025.
- Market Momentum
- How sustained the single-family sales growth will be after mortgage rate declines.
- Price Stability
- The pace at which median home prices will adjust to new market equilibrium levels.
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