Florida condo prices sat flat at $295,000 in July while single-family rose 3.7%

Florida Realtors released July 2026 statewide figures Monday morning. Both halves of the market sold more homes than a year ago. Only one of them got more expensive.

Florida’s condo and townhouse median sale price in July was $295,000. In July 2025 it was $295,000.

Volume was not the problem. Condo and townhouse closings rose 11.0% over those twelve months, to 8,194. That is double the growth rate on the single-family side, where closings rose 5.1% to 23,870 and the median price rose 3.7% to $425,000.

The usual explanation for a rising median is shrinking supply. Supply shrank in both segments, by almost exactly the same amount. Active single-family listings were down 13.4% from a year ago, at 97,741. Active condo and townhouse listings were down 12.9%, at 60,962. Whatever separates these two markets, inventory does not.

Time does. Half of Florida’s single-family sales went under contract within 47 days in July, a day quicker than last July. Condos took 76 days, eight days slower than last year, an 11.8% increase while houses sped up. Measured against sales pace instead of raw count, single-family supply sits at 4.5 months and condo supply at 7.8. Sellers got 96.0% of original list price on houses and 93.0% on condos.

Flat is where condo prices landed after a year of falling

The thirteen-month series matters more than the single month, because it changes what flat means. In July 2025 the condo median was running 6.3% below the year before. It was down 6.5% in August, 4.8% in September and October, 3.7% in November. The gap has closed steadily ever since, and July 2026 is the month it reached zero. Condo prices spent a year falling and have now stopped.

Single-family took the same trip in a much shallower ditch. It was down 2.0% last July, crossed into positive territory in March, and has run between 1.8% and 4.9% since.

There is a second reading available in the level series, and it cuts the other way. Within 2026 the condo median peaked at $315,000 in March and April and has come down to $295,000 since. Some of that is seasonal. How much, one month cannot tell you.

Through July, year to date, Florida’s single-family median is $423,000, up 1.9%. The condo and townhouse median is $307,000, down 1.0%, on 9.3% more closings.

Where it shows up

The single-family gain is lumpy. Naples-Immokalee-Marco Island posted the biggest metro price increase, up 11.1% to a median of $800,000 on 434 sales. Gainesville rose 5.7%. Jacksonville rose 4.1% to $415,000 even though its closings slipped 0.6%. Two metros went the other way: Pensacola-Ferry Pass-Brent, down 2.1%, and Sebastian-Vero Beach, down 1.0%. Tallahassee had the steepest sales drop in the state at 24.6%, with its median almost unchanged at 0.3%.

The condo table is harder to read, and the reason is sample size. Pensacola’s condo median rose 25.0% on 95 sales. Tallahassee’s rose 15.9% on 71. Sebastian-Vero Beach rose 11.3% on 73. Homosassa Springs fell 9.8% on fourteen sales. At those counts a handful of transactions swings the midpoint, and the percentage is carrying more weight than it can hold.

The markets with real volume tell a quieter story. Miami-Fort Lauderdale-West Palm Beach is by far the largest condo market in Florida, and it did 2,958 closings in July, up 8.0%, at a median of $325,000, up 1.6%. Tampa-St. Petersburg-Clearwater did 1,079, up 3.4%, median down 0.5%. Orlando did 763, up 7.9%, median down 2.6%. Cape Coral-Fort Myers did 431, up 26.4%, at a median of $260,000, unchanged from last July. Four big markets, a lot of units, prices that went approximately nowhere. Add them up and you get a flat statewide median.

What this number does not mean

There is no Florida home price in this release. Florida Realtors publishes single-family and condo/townhouse as two separate series and never combines them, because a blended median mostly tracks which segment happened to sell more that month. If you see one statewide Florida median quoted for July 2026, someone picked a segment without saying so, or built a figure Florida Realtors did not publish.

A flat median also does not tell you that no condo changed price. Florida Realtors says this plainly in its own economists’ note: median sale price “only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.” Shift the mix toward cheaper buildings and the midpoint drops without one owner’s value moving. This release reports transactions. It does not value any specific unit, and neither do we.

Nothing here says what August will do.

These are preliminary figures. Florida Realtors compiles each month from MLS feeds on the 10th day of the following month, so a closing reported after August 10 is absent from the July numbers and will turn up in a later revision.

Limitations

We are reporting Florida Realtors’ figures here rather than our own. Our statewide aggregates combine single-family and condo into one median, so they cannot check a finding that depends on separating the two. We know of no other public source that splits Florida single-family from condo statewide each month, which leaves this resting on one dataset.

If you are in this market

Buying a condo means shopping a segment with 7.8 months of supply, a 76 day median time to contract, and a statewide midpoint that has not moved in twelve months. Sellers there are getting 93.0% of original list price.

Selling a condo, the pricing question has changed shape. Last summer’s comparable sales are this summer’s comparable sales.

If you own a unit and are not selling, none of this describes your property. A market median is not an appraisal, and this release does not contain one.

Buying a house is a different transaction. Supply is down 13.4% in twelve months and half of everything that sold went under contract inside seven weeks.

The two sets of numbers get quoted as one number constantly. They have not described the same market for at least seven months.

Method and sources

Disclosure: Jon Brooks is a co-founder of Momentum Realty, a Florida real estate brokerage that owns and funds Florida Housing Intelligence. Momentum has a financial interest in Florida real estate transactions, including in markets named here. See our editorial standards and conflicts policy.