Florida’s housing market is showing the first real signs of stabilization after years of volatility, with recent data in early 2026 indicating both a rebound in sales and a more balanced landscape for buyers and sellers.
Key Takeaways
- Single-family and condo sales climbed year-over-year in February 2026.
- Prices eased slightly across the state, while inventory has begun to normalize.
- Experts predict improved affordability and a stable outlook for both buyers and sellers this year.
Market Momentum Builds Into Spring 2026
The Florida housing market is gathering momentum early in 2026 as both closed sales and pending transactions outpace figures from the previous year. February saw almost 18,400 single-family homes sold—a 3.9% rise compared to 2025—while condo and townhouse sales increased by 8.6%. This marks the sixth consecutive month of year-over-year growth for both sectors, suggesting buyer activity is on the rise as the busy spring season approaches.
Price Shifts Reflect Balanced Market
Median home prices across Florida have softened but remain near 2025 levels. The median price for single-family homes in February was reported at $412,000 (down 0.7% year-over-year), with condos settling at $309,000 (down 1.9%). Regionally, some areas like Northeast Florida saw prices rise—Jacksonville’s median jumped 5.3% in a month—even as pending sales declined.
A nuanced picture emerges county by county. For example:
| County | Median Price | Monthly Change | Closed Sales | Inventory Change |
|---|---|---|---|---|
| Duval | $326,000 | +4.8% | 745 | +1.3% |
| Clay | $349,000 | -4.8% | 199 | +2.2% |
| St. Johns | $542,000 | -3.2% | 393 | +10.4% |
| Nassau | $492,500 | +13.2% | 88 | +2.4% |
More Choices, Slower Price Growth
The inventory of homes for sale is growing, offering buyers more options than in recent years. At the statewide level, single-family homes have a 4.8-month supply, while condos and townhouses are at 9.3 months. Although new listings for February dipped compared to last year’s highs, inventory is considered more normalized—giving both buyers and sellers a better balance of power.
Market analysts believe this environment of stable mortgage rates, rising supply, and more modest price increases will improve affordability. Forecasts suggest the share of median household income needed for a typical mortgage payment could fall below 30% statewide for the first time in four years, positioning 2026 as a favorable window for homeownership.
Strategic Advice for Buyers and Sellers
Experts recommend:
- Buyers: Take advantage of increased inventory, compare mortgage offers, and avoid overextending budgets. Flexibility in location or home type could help secure better deals.
- Sellers: Price homes competitively and ensure properties are move-in ready to attract buyers. Listing sooner rather than later may yield better results as inventory continues to broaden.
Outlook: Cautious Optimism Ahead
Florida’s market appears to have bottomed out and is making upward progress toward a sustainable balance. While abrupt price surges of the past are unlikely to return, steady sales growth and stable affordability characterize the market outlook for 2026.
Sources
- A More Balanced Housing Market Emerging, | Florida Realtors.
- Fla.’s Housing Market: Closed Sales, New Pending Sales Rise in February, PR Newswire.
- Florida Home Sales Up While Prices Decline, Weekly Real Estate News.
- South Florida home sales in February 2026 from Florida Realtors, The Business Journals.
- February home sales price up 5.3% in Northeast Florida, while pending sales drop, Jacksonville Daily Record.