Florida’s housing market started 2025 with more new listings and increased inventory (active listings) in January compared to a year ago, according to Florida Realtors®’ latest housing data. The increase in new listings and increased for-sale inventory across the state offers more opportunities for many homebuyers who have been waiting on the sidelines.
Closed sales of single-family homes statewide last month totaled 15,384, up 3.6% from the January 2024 level, while existing condo sales ( 5,787 ) were down 3.7% year-over-year. In January, the statewide median closed sale price for single-family existing homes was up only slightly by 1.2% from the previous year; for condo units, it was down by 2.3% compared to January 2024.
“Over 35,500 single-family homes were listed for sale in Florida in January, which is the most we’ve seen in any month since July 2022 “ said Florida Realtors Chief Economist Dr. Brad O’Connor. “On a year-over-year basis, new listings of single-family homes were up 15.4%. While year-over-year growth in new listings of condos came in at 6.7%, these 18,865 new listings broke the record for the most condo listings we’ve ever had in a single month.”
Statewide inventory in January was higher than a year ago for both existing single-family homes, increasing by 31.3%, and for condo units, up 39.3%. O’Connor noted, “With growth in new listings continuing to outpace sales, inventory levels were up again in January. We’ll want to watch inventory levels as we traverse the spring buying season to see if they keep rising. If they do, then perhaps some sellers holding out for higher offers will see their resolve weaken enough to let their homes go. At the same time, though, some sellers may just decide to de-list their properties for the time being, which would be a moderating factor in inventory growth.”
The supply of single-family existing homes was at a well balanced 5.1-months’ supply, while existing condo properties were at a 9.1-months’ supply last month, which is deep in ‘Buyer’s Market’ territory.