Data Analysis

Condo sellers in Okaloosa and Walton counties cut prices 102 times while 23 condos went under contract from October 11 to 24, 2026.

Our Emerald Coast MLS feed logged 97 new condo listings, 102 condo price cuts and 23 condo contracts in the two weeks to October 24, 2026.

From October 11 through October 24, 2026, our live Emerald Coast MLS feed logged 97 new condo listings, 102 price cuts on active condos and 23 condos that went under contract across Okaloosa and Walton counties. That is about 4.4 price cuts and 4.2 new listings for every new condo contract. For other home types in the same window, the feed logged 420 new listings and 182 contracts, about 2.3 new listings per contract. Our live map showed 1,149 active condos and 142 pending condos on October 25. All figures are ours, computed from Emerald Coast MLS records; information is deemed reliable but not guaranteed.

This is a two-week read on condo listing activity. Our September articles on the Destin median price, days on market, closed sales and seller concessions cover the completed-month metrics for all home types, and the full series sits on the Destin market data hub. This piece covers only condos.

How fast are Destin-area condos going under contract?

Condo contracts slowed in mid-October. Our feed recorded 23 condos moving from active to pending in the 14 days from October 11 to 24, about 1.6 a day. In the 12 days from September 29 to October 10 it recorded 44, about 3.7 a day.

New condo supply held steady over the same stretch. New condo listings ran at about 6.9 a day in the latest window, against 7.2 a day in the earlier one. Condos made up 19 percent of all new listings in the two weeks to October 24 and 11 percent of all new contracts.

Where are the condo listings and price cuts?

The beach towns carry most of the activity. By city, the feed logged:

Source: Momentum Research, computed from Emerald Coast MLS records, October 11 to 24, 2026. Deemed reliable but not guaranteed. Smaller places not shown.

By ZIP code, 32550 (Miramar Beach) led new condo listings with 31, followed by 32541 (Destin) with 29 and 32548 (Fort Walton Beach) with 16. Recent prices for each place are on the Destin, Miramar Beach, Santa Rosa Beach, Fort Walton Beach, Inlet Beach and Niceville market pages.

How deep are the condo price cuts?

The cuts are modest in size and steady in number. The median condo cut in the two weeks to October 24 was 3.1 percent, or $17,950, against 3.75 percent in the September 29 to October 10 window. Six condo cuts reached 10 percent or more. Only one condo listing raised its price.

The 102 cuts equal about 9 percent of the 1,149 active condos on our live map. For comparison, the median cut on other home types was 2.9 percent, or $11,000.

What price range are the condo listings in?

Condo supply is spread across the price range, and contracts are thin in every band.

Source: Momentum Research, computed from Emerald Coast MLS records, October 11 to 24, 2026, and live map snapshot, October 25, 2026. Deemed reliable but not guaranteed.

New condo listings had a median asking price of $524,995. Condos that went under contract had a median list price of $579,900. The median active condo on our map was priced at $530,000 and had been listed 135 days, against 89 days for the median active single-family home. Of the 1,149 active condos, 432 had been listed 180 days or more and 118 had been listed a year or more.

How did condos sell in September?

The completed-month figures point the same way. Our September Emerald Coast Market Pulse, with closings through October 24, counted 155 condo sales in Okaloosa and Walton counties at a median price of $492,750, down 12.8 percent from a year earlier. The median condo sold in 76 days at 93.0 percent of its original list price, and 92 percent of condo sales closed below list price.

Condo weakness here is not new. In August we reported that Destin was the only Florida metro where condo sales fell in July.

What does this mean for condo buyers and sellers on the Emerald Coast?

For buyers, the numbers describe a market with more choice and more room on price. Condo contracts slowed while new listings kept arriving, and the median active condo has been listed more than four months. The condo buildings we track are listed on the Okaloosa County condo communities and Walton County condo communities pages.

For condo sellers, competition is the main factor. A new condo listing in the two weeks to October 24 faced about 50 other active condos for every one that went under contract. Association costs and assessments weigh on condo pricing statewide; our Florida condo special assessments and Florida condo distress tracker pages cover those costs. Insurance budgets are on the Destin home insurance cost and Miramar Beach home insurance cost pages, and flood zone context is on the Destin flood zones by neighborhood page.

People also ask

Is the Destin condo market slowing down?

Condo contracts slowed in mid-October 2026. Our Emerald Coast MLS feed recorded 23 condo contracts from October 11 to 24, about 1.6 a day, down from about 3.7 a day from September 29 to October 10, while new condo listings held near 7 a day.

Are Destin condo prices dropping?

The September 2026 median condo sale price in Okaloosa and Walton counties was $492,750, down 12.8 percent from a year earlier, in our Emerald Coast Market Pulse. Sellers cut prices on 102 active condos from October 11 to 24, with a median cut of 3.1 percent.

How many condos are for sale in the Destin area?

Our live map showed 1,149 active condos and 142 pending condos in Okaloosa and Walton counties on October 25, 2026. The median active condo was priced at $530,000 and had been listed 135 days.

Limitations

Counts come from the change log of our live Emerald Coast MLS feed, which records a change when our refresh sees it. A listing that changed more than once in a category within the window is counted once, and a change that happened and reversed between refreshes may be missed. Property type comes from the listing's MLS field; townhouses are counted with other home types, not with condos. The earlier comparison window is 12 days, so the comparisons use daily rates. Contract counts are listings moving to pending status and can differ from the monthly contract figures in the Market Pulse. The active and pending counts are a live map snapshot and can differ from the inventory counts in monthly reports. Median prices mix unit sizes and locations. Figures may be revised as the MLS updates records. This article is general information, not advice about any specific property or transaction.

Sources and links

• Momentum Research, computed from Emerald Coast MLS records (listing change log, September 29 to October 24, 2026; live map snapshot, October 25, 2026). Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate.
• Momentum Research, September 2026 Emerald Coast Market Pulse, closings through October 24, 2026.
• Full monthly series and per-feed attribution: Destin market data

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.