Florida Housing Market Shows Signs of Recovery with Improved Sales and Inventory in June 2025
In June 2025, the Florida housing market demonstrated positive momentum with closed sales of single-family existing homes increasing by 2.8% compared to the previous year. This rise marks a continuation of trends observed over the last few months, where higher inventory levels and easing median sales prices were also reported. As per the latest data from Florida Realtors®, the state saw 23,827 closed sales for single-family homes last month.
Tim Weisheyer, the president of Florida Realtors®, noted that this shift indicates a gradual transition towards a more balanced market. "As Florida’s housing market begins to equalize, opportunities are surfacing on both sides of the transaction. Motivated sellers who comprehend the current market dynamics are successfully drawing qualified buyers, leveraging the equity amassed in their properties," he stated.
The increase in single-family sales during June is significant, given it represents the first uptick in that metric since January, as said by Dr. Brad O'Connor, Chief Economist for Florida Realtors®. Although the overall sales figures indicated a slight decline in the second quarter of 2025 compared to the same quarter last year (down 2.6%), the June increase certainly helped alleviate a potentially sluggish quarterly performance.
Apart from the single-family homes, condo-townhouse sales experienced a different trend, totaling 7,809 closed sales in June, which reflects a 6.4% downturn compared to June 2024. The report showed a trend where, despite falling sales, the pace of decline for condominia appears to be slowing, as seen in the considerable drop of 20% in May relative to the previous year. Thus far, the overall inventory of available properties also underwent notable changes. Notably, there was a 2.7% decrease in listings for single-family homes compared to June last year, marking the second consecutive month of decline after earlier growth in 2025.
The statewide median sales price for single-family existing homes in June reached $412,000, a 3.5% decrease from June 2024, while the median price for condo-townhouse units was recorded at $300,000, representing a 7.7% decline in comparison to the previous year. For the overall quarter, the median sales price for single-family homes was $414,900, a drop of 3.1%, which highlights a trend of moderation in property prices.
While sales alike have decreased, the insights from the market indicate that the levels are navigating toward a more balanced negotiation environment, as there is currently a 5.6-month supply of single-family existing homes and a 10-month supply for condos and townhouses. This dynamic encourages buyers at the bargaining table, especially in the case of condos and townhouses, and symbolizes the evolving landscape of Florida's residential real estate market.
For residents considering buying or selling, having a knowledgeable Realtor by their side has become more crucial than ever. The complexities of the market provide significant advantages to those equipped with real insights and data, enhancing their ability to navigate this shifting terrain. For further information and a comprehensive view of statewide housing activity reports, Florida Realtors® Newsroom offers access to recent data, showcasing trends and statistics surrounding the state's housing market.
Florida Realtors® continues to serve as a vital voice for real estate in the region, providing essential services and representation for its extensive membership base across 50 boards and associations in the Sunshine State.
Tim Weisheyer, the president of Florida Realtors®, noted that this shift indicates a gradual transition towards a more balanced market. "As Florida’s housing market begins to equalize, opportunities are surfacing on both sides of the transaction. Motivated sellers who comprehend the current market dynamics are successfully drawing qualified buyers, leveraging the equity amassed in their properties," he stated.
The increase in single-family sales during June is significant, given it represents the first uptick in that metric since January, as said by Dr. Brad O'Connor, Chief Economist for Florida Realtors®. Although the overall sales figures indicated a slight decline in the second quarter of 2025 compared to the same quarter last year (down 2.6%), the June increase certainly helped alleviate a potentially sluggish quarterly performance.
Apart from the single-family homes, condo-townhouse sales experienced a different trend, totaling 7,809 closed sales in June, which reflects a 6.4% downturn compared to June 2024. The report showed a trend where, despite falling sales, the pace of decline for condominia appears to be slowing, as seen in the considerable drop of 20% in May relative to the previous year. Thus far, the overall inventory of available properties also underwent notable changes. Notably, there was a 2.7% decrease in listings for single-family homes compared to June last year, marking the second consecutive month of decline after earlier growth in 2025.
The statewide median sales price for single-family existing homes in June reached $412,000, a 3.5% decrease from June 2024, while the median price for condo-townhouse units was recorded at $300,000, representing a 7.7% decline in comparison to the previous year. For the overall quarter, the median sales price for single-family homes was $414,900, a drop of 3.1%, which highlights a trend of moderation in property prices.
While sales alike have decreased, the insights from the market indicate that the levels are navigating toward a more balanced negotiation environment, as there is currently a 5.6-month supply of single-family existing homes and a 10-month supply for condos and townhouses. This dynamic encourages buyers at the bargaining table, especially in the case of condos and townhouses, and symbolizes the evolving landscape of Florida's residential real estate market.
For residents considering buying or selling, having a knowledgeable Realtor by their side has become more crucial than ever. The complexities of the market provide significant advantages to those equipped with real insights and data, enhancing their ability to navigate this shifting terrain. For further information and a comprehensive view of statewide housing activity reports, Florida Realtors® Newsroom offers access to recent data, showcasing trends and statistics surrounding the state's housing market.
Florida Realtors® continues to serve as a vital voice for real estate in the region, providing essential services and representation for its extensive membership base across 50 boards and associations in the Sunshine State.
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