Florida’s housing market saw continued growth in active listings and signs of price stabilization in February compared to the same time last year, according to data from Florida Realtors®.
“Florida's single-family housing market appears to be reaching equilibrium, with for-sale inventory continuing to rise, median prices remaining relatively flat and mortgage interest rates moderating,” said 2025 Florida Realtors® President Tim Weisheyer, broker-owner of Dream Builders Realty and dbrCommercial Real Estate Services in Central Florida.
“These trends indicate market conditions for single-family existing homes are becoming more balanced between sellers and buyers, which should help ease affordability constraints,” Weisheyer added.
He also noted a contrast in the condo and townhouse sector.
“On the other hand, ongoing trends in the Florida's condo-townhouse market, including a 9.7-months' supply of inventory, show that it's a buyer's market, at least at the statewide level,” he said. “With conditions varying by local markets, the expertise and knowledge that a local Realtor brings to the table is a priceless resource for consumers.”
According to the Florida Realtors Research Department, in partnership with local Realtor boards and associations, closed sales of single-family homes across the state totaled 17,698 in February, a 7% drop from February 2024. Condo and townhouse sales fell 13% year-over-year, totaling 6,503.
The statewide median sales price for single-family existing homes held steady at $415,000. For condo-townhouse units, the median price declined 3.1% to $315,000. The median is the midpoint—half of homes sold for more, half for less.
“Over the past three years, the number of single-family homes coming onto the market each month has generally exceeded the number of homes either selling or being withdrawn from the market each month,” said Florida Realtors Chief Economist Dr. Brad O'Connor.
“That means that the number of active listings for sale as of the end of each month – what we call active inventory – has generally been on the rise,” he continued. “With new listings still higher than recent levels and sales trending below recent levels, we should expect that trend to continue into the spring buying season here in Florida.”
O’Connor said that rising inventory often indicates a market shift.
“Rising inventory is usually a sign that the advantage in the market is shifting away from sellers and more towards buyers, while months' supply can also be an indicator,” he said.
“For February, we reported a 5.3-months of supply for single-family homes, which roughly means the existing inventory at the end of February would be sold in 5.3 months at the 12-month rate of sales,” he explained. “There's an old rule of thumb that balanced markets that favor neither sellers nor buyers are typically found between five and six months of supply."
He added, “In truth, the level of months' supply where you'll find a balance varies across local markets; but at the statewide level at least, single-family home inventory is currently within the 5- to 6-month band for months' supply, suggesting that we have moved out of seller's market territory and into relative balance."
Statewide inventory levels in February were higher than a year ago: up 31.6% for single-family homes and 36% for condo-townhouse units. Supply levels stood at 5.3 months for single-family homes and 9.7 months for condos and townhouses.
“Looking at months' supply for condos and townhouses, it's pretty clear we are in a buyer's market, at least at the statewide level, with 9.7-months of supply,” O’Connor said.
“Buyers have gained an advantage here, and sellers increasingly will have to concede on price if they want to move their properties,” he added. “Evidence shows this has been happening over the last seven to eight months, including in February, when the median price for this category was down over 3% compared to a year ago, falling to $315,000.”
