Florida’s housing market reported more closed sales in October, an uptick in inventory (active listings) and median prices that continue to ease moderately, according to Florida Realtors®’ latest housing report.
The positive trends seen for several months appear to be continuing, said Florida Realtors Chief Economist Dr. Brad O’Connor. Last month, closed sales of existing single-family homes statewide totaled 21,191, up 13.8% year-over-year, while existing condo sales totaled 7,223, up 11.1% over October 2024. Most of this sales growth was predicted by strong growth in pending sales in the prior couple of months.
The statewide median closed sale price for single-family existing homes in October was down slightly 0.9% compared to a year ago, while it was down 4.8% for condo units.
On the supply side of the market, single-family existing homes were still at a relatively tight 5.1-months’ supply last month, while condo properties were at a 9.3-months’ supply, giving condo buyers ample choices.