Florida Housing Market Shows Continued Growth in July 2026
Event summary
- Closed sales of existing single-family homes in Florida rose 5.1% year-over-year to 23,870 in July 2026.
- Existing condo-townhouse sales increased 11% year-over-year to 8,194 in July 2026.
- New pending sales of single-family homes rose 2.4% year-over-year, marking the 12th consecutive month of increases.
- The statewide median sales price for single-family homes increased 3.7% to $425,000, while condo-townhouse prices remained steady at $295,000.
The big picture
Florida's housing market is experiencing a recovery driven by pent-up demand and adapting condo regulations. The 11-month streak of year-over-year sales increases suggests resilience, even as mortgage rates remain elevated. The market's ability to sustain growth without significant rate improvements will be a key indicator of long-term stability.
What we're watching
- Pent-Up Demand
- How sustained buyer engagement will affect market momentum despite unchanged mortgage rates.
- Condo Market Recovery
- Whether the condo segment can maintain its growth trajectory as regulatory adjustments continue.
- Inventory Dynamics
- The pace at which supply levels will impact pricing and affordability in the second half of 2026.