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Housing

Florida's Housing Market Remains Resilient Amid Economic Uncertainty

Strategic Insights

— 1 min read

Florida's housing market showed no significant shifts in July, with trends mirroring those seen over the past several months. Buyers and sellers alike pulled back amid economic uncertainty and fluctuating mortgage interest rates near 6.5%. The state's housing market continues to demonstrate incredible resiliency, with buyers having options to choose from and strong demand for the Florida lifestyle. Realtors' expertise in pricing, negotiating, and facilitating real estate transactions remains essential in navigating the market.

Key Takeaways:

  • Closed sales of single-family existing homes statewide totaled 22,707 in July, down 2.8% year-over-year.
  • Existing condo-townhouse sales totaled 7,381 in July, down 11.8% from July 2024.
  • New pending sales for single-family homes declined by 0.7% in July, while new pending sales for condo-townhouses decreased by 6.3%.
  • The statewide median sales price for single-family existing homes was $410,000 in July, down 1.7% compared to a year ago.
  • The statewide median price for condo-townhouse units was $295,000, down 6.3% from July 2024.

Statistics:

  • Closed sales of single-family existing homes dropped 2.8% in July compared to July 2024.
  • Existing condo-townhouse sales decreased by 11.8% year-over-year in July.
  • New pending sales for single-family homes declined by 0.7% in July.
  • New pending sales for condo-townhouses decreased by 6.3% in July.
  • Statewide median sales price for single-family existing homes was $410,000 in July, down 1.7% year-over-year.
  • Statewide median price for condo-townhouse units was $295,000 in July, down 6.3% from July 2024.
  • Single-family existing homes were at a 5.4-months' supply in July 2025.
  • Condo-townhouse properties were at a 9.6-months' supply last month.

Sources:

  • Florida Realtors' latest housing report (no date provided)
  • Florida Realtors Research Department in partnership with local Realtor boards/associations (no date provided)
  • Florida Realtors (no date provided)

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