Data Analysis

Florida's single-family median sale price held at $415,000 in September, up 1.2% from a year earlier, while closed sales fell 3.5% to 20,537 and months supply dropped to 4.4 from 5.1.

Florida Realtors' September and third-quarter reports, published October 16: sales cooled, prices held and inventory fell in both property types.

Florida's single-family median sale price was $415,000 in September, up 1.2% from $410,000 a year earlier, according to Florida Realtors, while closed sales fell 3.5% to 20,537 from 21,271. Active single-family listings fell 9.8% to 95,799, and months supply dropped to 4.4 from 5.1. Condo and townhouse closed sales were flat at 7,179, down 0.1%, while the condo median price slipped 1.8% to $293,500 and months supply fell to 7.7 from 9.1. For the third quarter, the single-family median rose 2.4% to $420,000 on sales of 65,904, up 0.2%.

The September report reads as a cooler version of August: fewer closings, firm prices, thinner supply.

What did Florida home prices do in September 2026?

The statewide single-family median held at $415,000, the same level Florida Realtors reported for August, and 1.2% above September 2025. Sellers kept more of their asking price: the median single-family sale closed at 95.7% of the original list price, up from 94.7% a year earlier.

Condos and townhouses moved the other way on price. The median fell 1.8% to $293,500 from $299,000, even as the share of the original list price sellers received rose to 93.3% from 92.1%. A lower median alongside smaller discounts usually points to a shift in which units sold rather than across-the-board price cuts.

Florida Realtors Chief Economist Dr. Brad O'Connor said "the upper end of the market continues to perform quite well." The average single-family sale price, which the top of the market pulls up, rose 10.8% to $644,682, far faster than the median.

Why did Florida home sales slow in September?

Single-family closed sales fell 3.5% year over year, and new pending single-family sales fell 7.6% to 19,809 from 21,431. Pending sales are signed contracts that have not closed yet, so that drop points to softer closings in October and November as well.

O'Connor tied the slowdown to borrowing costs. "Higher mortgage rates are weighing on sales, particularly in the single-family market," he said.

Cash buyers held up better than financed ones. Single-family cash sales fell 2.7% to 5,743, a smaller drop than total sales. On the condo side, cash sales rose 5.1% to 3,765, more than half of all condo closings in the month.

What happened to Florida housing inventory?

Supply fell in both property types. Single-family active listings dropped 9.8% to 95,799 from 106,199, and condo and townhouse listings dropped 9.0% to 60,367 from 66,341.

Months supply, the time it would take to sell every active listing at the current pace of sales, fell to 4.4 months for single-family homes from 5.1, and to 7.7 months for condos from 9.1. A market is conventionally called balanced at roughly five to six months. Single-family Florida sits below that range. Condos remain above it, though the gap is narrower than a year ago.

The supply drop is not coming from fewer sellers. New single-family listings rose 2.4% to 27,489, and new condo listings rose 3.6% to 12,170. The standing stock is being worked down, partly through sales and partly as older listings come off the market.

How fast are Florida homes selling?

Faster than a year ago. The median single-family home went under contract in 47 days, down from 53, and closed in 87 days, down from 93. Condos went under contract in a median 65 days, down from 77.

Faster contracts with fewer total sales is consistent with a market where well-priced homes move and the rest sit or get withdrawn.

What did the third quarter look like?

Across July, August and September, Florida's single-family market was steady. Closed sales rose 0.2% to 65,904, the median price rose 2.4% to $420,000, and new pending sales fell 2.5% to 65,973. New listings were flat, down 0.1% to 84,008. The median sale closed at 96.0% of the original list price, up from 94.9%.

Condo and townhouse closed sales rose 3.1% to 22,664 for the quarter, with the median price unchanged at $295,000. Condo cash sales rose 6.8% to 11,663, again more than half of closings. Median time to contract was 72 days, down from 75.

O'Connor said Florida's sales growth had stalled: "the rise in interest rates that's occurred so far this year has been enough to put a halt to this growth."

What does this mean for buyers and sellers?

For buyers, September offered little price relief on single-family homes. The median held, discounts off list narrowed, and supply fell. Condo buyers have more room: more than seven months of supply and a lower median than a year ago.

For sellers, pricing matters more than timing. Contract signings are down while new listings are up, so a listing priced above recent sales competes for fewer buyers. Homes priced to the market are still going under contract about a week faster than last year.

Statewide figures cover very different markets. Local numbers are on the Jacksonville, Duval County, Orlando, Tampa and Miami market pages, our own MLS-based count is in Florida closed sales for September, last month's statewide report is Florida's August housing market, and the running series is on the Florida housing tracker.

People also ask

What is the median home price in Florida right now?

Florida Realtors reported a statewide single-family median sale price of $415,000 for September 2026, up 1.2% from a year earlier. The condo and townhouse median was $293,500, down 1.8%.

Are Florida home sales going down?

Single-family closed sales fell 3.5% in September 2026 from a year earlier, and new pending sales fell 7.6%. For the full third quarter, single-family sales were up 0.2%, so the decline is recent rather than a long slide.

Is Florida a buyer's or seller's market?

It depends on the property type. Single-family homes had 4.4 months of supply in September 2026, below the five to six months usually called balanced. Condos and townhouses had 7.7 months, which leans toward buyers.

Limitations

Every September figure here was confirmed in two of Florida Realtors' own files: the statewide summary and the statewide data detail, for single-family and for condo and townhouse separately. Third-quarter figures come from Florida Realtors' third-quarter data detail reports and its October 16 release. One figure was excluded: the September condo summary and data detail disagree on new pending condo sales (10,146 versus 7,073), so neither is used. Florida Realtors' release prints the September condo median as "$293,5000"; both condo files give $293,500, which is used here.

Statewide medians conceal wide differences between metros and price tiers. A median is not an average and does not measure the change in value of any one home. Months supply is a ratio of listings to the sales pace and moves when either side changes. Average sale prices are pulled up by a small number of very expensive sales.

Sources

Florida Realtors, statewide September 2026 single-family summary and data detail reports, and statewide September 2026 condo and townhouse summary and data detail reports, published October 16, 2026, floridarealtors.org.

Florida Realtors, statewide third quarter 2026 single-family and condo and townhouse data detail reports, published October 16, 2026, floridarealtors.org.

Florida Realtors, "Fla.'s Housing Market Continues Recent Trends in Sept. and 3Q 2026," published October 16, 2026, including quoted commentary from Chief Economist Dr. Brad O'Connor.

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.