Florida's Housing Market Shows Resilience with Rising Sales in July 2026

Florida's Housing Market Resilience in July 2026

Florida's housing market has demonstrated considerable strength in July 2026, continuing a positive trend from previous months. Data from Florida Realtors highlights an increase in closed sales as well as new pending sales for both single-family homes and condo-townhouses, compared to the same month last year. This surge in activity reflects stronger buyer engagement and renewed interest in the real estate sector, especially as affordability challenges persist.

In terms of numbers, the state recorded 23,870 closed sales of existing single-family homes, representing an increase of 5.1% from July 2025. Concurrently, the condo-townhouse market saw sales climb by 11%, with a total of 8,194 units sold. These figures underscore the market's recovery, despite the ongoing affordability issues that many buyers continue to face. Chuck Bonfiglio Jr., the president of Florida Realtors and broker-owner of AAA Realty Group, emphasized the positive momentum, noting, "Buyers are still engaged, and that's encouraging as we move through the second half of the year."

The data further indicates that inventory levels for pending sales have also shown year-over-year increases, with closed sales still continuing their upward trend over the past 11 months for both property types. Dr. Brad O'Connor, the chief economist for Florida Realtors, highlighted that while the gains were noticeable in both markets, the condo sector has adjusted more noticeably due to recent regulatory changes that had previously impacted these sales. Such transformations suggest that this segment of the market is regaining traction as conditions evolve.

Condos and townhouses provide a more affordable option for many potential homeowners. With the average home prices remaining relatively high, these properties often represent a viable entry point into the housing market for those who wish to become homeowners in Florida. The median price for single-family homes in July was recorded at $425,000, marking a 3.7% increase from the previous year. However, the median price for condo-townhouses remained steady at $295,000, highlighting the pressure on single-family home prices.

Industry experts suggested that ongoing changes in the mortgage rate environment, alongside returning buyer interest, are crucial factors that have underpinned this recent activity. O'Connor pointed out that a significant component of this demand surge stems from prospective buyers recognizing the need to engage with the market rather than waiting for historical affordability levels to revert.

The landscape of new pending sales also merits attention; in July, single-family homes showed a growth of 2.4% compared to the same month in the prior year, marking the 12th consecutive rise for this metric. Meanwhile, condo-townhouses fared even better with a rate of 3.8%. These indicators suggest ongoing stability and a possible shift towards a more active market as buyers adapt to the current conditions.

Despite the rise in demand, the supply side of the equation is critical, with single-family homes recorded at a 4.5-months' supply in July and condo-townhomes at slightly longer at 7.8 months. Such figures highlight the delicate balancing act of supply and demand that is so crucial for long-term sustainability in the housing market.

In summary, the July figures illustrate a cautiously optimistic outlook for Florida’s housing market. As sales continue to increase, inventory levels appear to be lowering, and prices are stabilizing or beginning to rise. With evidence that buyers are returning to the market—independently of mortgage rate improvements—there is hope for a sustained recovery moving forward. For those interested in further insights on housing activity, comprehensive reports are available through the Florida Realtors Newsroom.

For more details on Florida's housing trends and to access the latest market data, visit Florida Realtors Newsroom.