Florida’s housing market posted modest gains in the third quarter of 2026, with existing-home sales nearly flat and condo and townhouse sales rising more noticeably. Higher mortgage rates helped slow activity in September, but prices and inventory remained relatively steady, while stronger luxury sales supported the overall value of homes sold.
Key takeaways
Florida’s market showed resilience, though momentum weakened as borrowing costs climbed. The quarter’s gains were modest, and September brought a second consecutive month of year-over-year sales declines.
- Third-quarter single-family sales increased 0.2% to 65,904.
- Condo and townhouse sales rose 3.1% to 22,664.
- September single-family closings fell 3.5%; condo and townhouse closings were nearly unchanged.
- September’s median price was $415,000 for single-family homes and $293,500 for condos and townhouses.
Third-quarter sales show a split market
From July through September, Florida recorded 65,904 closed sales of existing single-family homes, a slight increase from the same quarter in 2025. Condo and townhouse closings reached 22,664, up 3.1% year over year and outpacing the single-family market.
The stronger condo performance comes as buyers continue to weigh affordability and the market adjusts to reserve requirements and other regulations. Condos and townhouses typically have lower sale prices, but buyers also need to account for association fees, reserves and possible assessments.
September activity slowed as rates rose
September closings totaled 20,537 for existing single-family homes, down 3.5% from a year earlier. The 7,179 condo and townhouse closings were only eight below September 2025. The figures marked a second straight month of year-over-year sales declines after a period of modest growth.
Florida Realtors Chief Economist Brad O’Connor said mortgage rates, now higher than a year ago, have been enough to interrupt that gradual growth. He cautioned that the shift is not a dramatic reversal, though the change from rising to falling sales could affect buyer and seller expectations.
Prices and inventory remain relatively steady
The September median price for a single-family home was $415,000, 1.2% higher than a year earlier. Condo and townhouse prices had a median of $293,500, down 1.8%. The quarterly median for condos and townhouses was $295,000, unchanged year over year.
September’s supply stood at 4.4 months for single-family homes and 7.7 months for condos and townhouses. The larger condo supply gives buyers more options and room to negotiate, while increasing competition among sellers. Homes also moved through the market faster during the quarter than they had a year earlier.
Luxury sales help support market value
Although the number of sales softened, the combined dollar value of properties sold increased. O’Connor attributed the gains to stronger performance among luxury and near-luxury homes, which have continued to outpace lower- and middle-priced segments. Year to date, dollar volume was up more than 10% for single-family homes and 13% for condos and townhouses.
As Florida entered the final quarter of 2026, the statewide picture was one of a market that had lost some momentum but remained broadly stable. Conditions can vary substantially by location, property type and price range.
- Florida home sales rise slightly in third quarter | Florida, The Center Square.
- Florida condo sales rise 3.1% in third quarter, | Florida Realtors.
- Florida housing market holds steady in September, Florida Trend.