Florida’s housing market is presenting a complex picture as 2026 begins, with early indicators showing an increase in closed sales, new pending sales, and available listings. While this suggests a market gaining momentum, median sales prices are showing a slight year-over-year decrease, indicating a period of stabilization rather than rapid appreciation.
Key Takeaways
- Increased Activity: Closed sales, new pending sales, and new listings all saw year-over-year increases in January 2026.
- Price Stabilization: Median sales prices for both single-family homes and condo-townhouse units experienced slight declines compared to the previous year.
- Growing Inventory: The supply of homes for sale is improving, offering buyers more choices.
- Buyer Confidence: Rising new pending sales suggest increased buyer confidence, potentially driven by improved affordability.
January 2026 Market Performance
Florida’s housing market kicked off 2026 with robust activity. January saw a 5.9% rise in closed sales for single-family homes, totaling 16,298, and a 5.1% increase for condo-townhouse sales, reaching 6,084. This surge in transactions is supported by a significant jump in new pending sales, up 15.2% for single-family homes and 16.9% for condos and townhouses. This marks the sixth consecutive month of year-over-year growth in pending sales for both categories.
New listings also saw a healthy increase, with single-family home listings up 7% and condo-townhouse listings up 2.7% compared to January 2025. This influx of inventory is contributing to a more balanced market, with a 5.2-month supply for single-family homes and a 9.7-month supply for condos and townhouses.
Price Trends and Affordability
Despite the increase in sales volume, median sales prices have shown a slight softening. In January 2026, the statewide median sales price for existing single-family homes was $405,000, a 1.2% decrease from the previous year. Similarly, the median price for condo-townhouse units fell by 2.4% to $305,000.
This leveling off of prices, coupled with potentially lower mortgage rates observed in previous months, is likely contributing to the improved buyer affordability and the rise in pending sales. Economists suggest that buyers are in a better position compared to a year ago, encouraging more transactions.
Looking Back at Late 2025
Data from late 2025 also paints a picture of a market in transition. September 2025 saw a notable 13.6% year-over-year increase in single-family home sales and an 8% rise in condo-townhouse sales, driven partly by lower mortgage rates. Prices remained relatively stable, with the median single-family home price at $410,000, unchanged from the previous year.
August 2025 also experienced a significant uptick in new pending sales, with single-family homes up 9.9% and condos/townhouses up 4.9%, attributed to falling mortgage rates. However, closed sales saw modest year-over-year declines during that month.
November 2025 continued the trend of increased closed and pending sales, with single-family home sales up 3.4% and condo sales up 1.6%. Prices showed minimal year-over-year declines, and inventory continued to rise, suggesting a gradual unlocking of pent-up demand.
Outlook
The Florida housing market is demonstrating resilience and adaptability. The combination of increasing sales activity, growing inventory, and stabilizing prices suggests a move towards a more sustainable and balanced market, offering opportunities for both buyers and sellers.
Sources
- Closed Sales, New Pending Sales, New Listings Up in Florida Housing Market, West Orlando News.
- Florida Home Sales Up, Prices Leveling in Sept., | Florida Realtors.
- Fla.’s Aug. Housing Market: New Pending Sales Up, Florida Realtors.
- Fla.’s Nov. Housing: More Closed, Pending Sales, | Florida Realtors.
- Fla.’s Oct. Housing: Sales, Supply Up; Prices Ease, | Florida Realtors.