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Florida's Housing Market Resilience in September 2025

In September 2025, Florida's housing market demonstrated remarkable resilience as closed sales for existing single-family homes surged by 13.6% compared to the same month last year. Additionally, sales of existing condo and townhouse units saw an impressive increase of 8%, indicating a strong demand across various property types, according to recent data from Florida Realtors®.

Tim Weisheyer, the 2025 President of Florida Realtors®, expressed optimism about the housing market's ongoing strength. He emphasized the significance of understanding the dynamics currently influencing the state. “We're observing clear evidence of building buyer confidence across Florida,” he stated, pointing out that while inventory is gradually increasing, median sales prices are stabilizing. This reflects a healthier balance in the housing market, which is crucial for both buyers and sellers navigating these changing conditions.

Key Statistics

In September, the total number of closed sales for single-family homes reached 21,271, marking a 13.6% rise year-over-year, whereas closed condo-townhouse sales totaled 7,187, climbing 8% from September 2024. Furthermore, when considering the third quarter (3Q) of 2025, statewide existing single-family home sales amounted to 65,776, reflecting a smaller increase of 1.6% from 3Q 2024. Conversely, condo-townhouse sales slipped by 4% year-over-year during the same period.

Bracing to analyze the sales trends, Florida Realtors' Chief Economist, Dr. Brad O'Connor, noted that the increase in closed sales for single-family homes in September was only the third occurrence of such growth this year. Notably, the uptick in closed condo and townhouse sales marked the first year-over-year increase in 17 months, signaling a possible recovery in that segment of the market.

Mortgage Rates and Buyer Behavior

Dr. O'Connor attributed much of this improvement to recent decreases in mortgage rates, which have remained below 6.5% in August, compared to earlier highs in the year. This favorable trend, alongside the anticipation of further rate cuts, has fostered heightened demand for homes in Florida. In fact, new pending sales for single-family homes rose by 7% and condo-townhouses by 6.6% compared to a year ago, marking two consecutive months of year-over-year increases for pending sales across both property categories.

“It’s still early to declare a definitive shift toward longer-term positive sales growth,” Dr. O'Connor clarified. However, recent trends indicate a shift in that direction compared to earlier in the year, bolstered by rising buyer confidence.

Median Sales Prices and Supply Trends

The stability in prices is another critical aspect. In September, the median sales price for existing single-family homes remained at $410,000 compared to the previous year, while median prices for condo-townhouse units fell by 4.8% to $299,000. For the third quarter of 2025, the statewide median sales price for single-family homes held steady at $410,000, although it represented a decrease of 1.2% from the same quarter last year. Meanwhile, the median price for condo-townhouses stood at $295,000, a 6.1% drop year-over-year.

On the supply side, inventory levels show a modest increase, with single-family homes at a 5.1-month supply and condo-townhouses at a 9.1-month supply during both September and 3Q 2025. Dr. O'Connor suggested that the Florida housing market might finally be reaching a stabilization point in terms of sales, with prices beginning to trend similarly. The key determinant of future market conditions will undoubtedly remain mortgage rates, which will continue to shape buyer activity.

Conclusion

In conclusion, Florida's housing market exhibits encouraging signs of resilience and growth, supported by improving sales figures and stabilizing prices. By navigating the complex economic landscape, realtors across Florida are helping clients make informed decisions as they adapt to these evolving market conditions. For further insights, Florida Realtors offers comprehensive housing activity reports and market data to keep stakeholders informed and engaged.

For more detailed information, you can visit Florida Realtors Newsroom.