Florida’s housing market kicked off 2026 with a robust increase in sales volume for both single-family homes and condo-townhouse units. Despite the rise in transactions, the median sales price experienced a slight year-over-year decline, indicating a complex market dynamic. New listings and pending sales also saw significant growth, suggesting renewed buyer interest and an improving inventory.
Key Takeaways
- Sales Volume Up: Single-family home sales rose by 5.9%, and condo-townhouse sales increased by 5.1% in January compared to the previous year.
- Prices Slightly Down: The median sales price for single-family homes decreased by 1.2%, and for condos/townhouses by 2.4% year-over-year.
- Pending Sales Surge: New pending sales saw substantial year-over-year increases of 15.2% for single-family homes and 16.9% for condos/townhouses.
- Inventory Growth: New listings reached an all-time high for January, providing more options for buyers.
January Sales Performance
Florida experienced a strong start to 2026, with closed sales of single-family homes reaching 16,298 in January, a 5.9% increase from the previous year. Similarly, existing condo and townhouse sales climbed by 5.1% year-over-year, totaling 6,084 units. This upward trend in transactions was further supported by a significant rise in new pending sales, which jumped 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 property types.
Shifting Price Landscape
While sales activity increased, the median sales price for single-family existing homes in Florida dipped slightly by 1.2% to $405,000 in January compared to the same month in 2025. Condo and townhouse units saw a more pronounced decrease of 2.4%, with the median sales price settling at $305,000. This price moderation, coupled with increased sales, suggests a market where buyers may find improved affordability.
Inventory and Market Outlook
January 2026 saw a notable increase in new listings, with single-family home listings up 7% and condo/townhouse listings up 2.7% compared to the previous year. This surge in new inventory, reaching an all-time high for January according to available data, provides buyers with more choices. The supply of single-family homes stood at a 5.2-month supply, while condos and townhouses had a 9.7-month supply. Experts note that while the market shows positive momentum, it is still early to predict the full-year trend, but the current conditions indicate a potentially more balanced market.
Sources
- January Shows Strong Start for Florida Housing, | Florida Realtors.
- Florida Home Sales Rise as Prices Decline, Weekly Real Estate News.