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Florida's Housing Market Overview in November 2025

In a recent report, Florida's housing market has shown a notable increase in both closed and pending sales for November 2025, as buyers seem to respond positively to decreasing mortgage rates. This data, released by Florida Realtors, illustrates a year-over-year growth that reflects a solid recovery within the state's real estate environment.

Tim Weisheyer, the 2025 Florida Realtors President and broker-owner of Dream Builders Realty, emphasized this trend, stating, "November's numbers reinforce that Florida's housing market is on stable footing, with year-over-year gains in both single-family and condo-townhouse sales, and increased pending activity statewide." Weisheyer highlighted the importance of knowledgeable local Realtors in enabling buyers and sellers to navigate the complexities of the current market conditions.

Despite the encouraging numbers, underlying factors influenced the market significantly. Dr. Brad O'Connor, Chief Economist at Florida Realtors, noted that the severe impacts of two hurricanes that struck Florida in September and October 2024 played a role in skewing the data. These hurricanes caused delays that artificially inflated pending sales in November 2024, making year-over-year comparisons somewhat uneven. Despite these anomalies, Dr. O'Connor reported that pending sales for single-family homes increased by 2.7% compared to the previous year.

Interestingly, the condo and townhouse segment, which has faced persistent challenges, saw an even larger increase in pending sales at 5.2%. This is a testament to shifting buyer preferences and behaviors in response to pricing changes, further hinting at an evolving real estate landscape.

The closed sales data also painted a positive picture, with the total number of closed sales for existing single-family homes reaching 17,674—an increase of 3.4% year-over-year. Additionally, existing condo-townhouse sales climbed to 6,099, marking a rise of 1.6% compared to November 2024. These figures, collected and analyzed by Florida Realtors Research Department in collaboration with various local Realtor boards and associations, confirm a stabilizing trend in the housing market, as closed sales typically materialize 30 to 90 days post-contract signing.

As we delve deeper into the metrics, the median prices across categories present an intriguing outlook. The median sales price for single-family homes was recorded at $410,000, reflecting a minor drop of just 0.2% from the previous year, while the median price for condo-townhouse units was pegged at $299,320, down by 3.8% year-over-year. The data suggests that although the prices are easing slightly, the market is still balanced and accessible for many potential buyers.

Inventory levels also saw variation, with single-family homes maintaining a supply of 4.9 months and condo-townhouse properties showing a more extended supply at 9.4 months. The overall sentiment in November indicates that while it is difficult to predict the spring buying season's trends based on late-year data, current sales figures present no reason for pessimism going into the upcoming year.

"A significant amount of latent demand is waiting to be unlocked throughout Florida as affordability improves—albeit slowly," remarked Dr. O'Connor. The steady decline in mortgage rates, accompanied by a stabilization in home prices, suggests momentum for the market as incomes gradually rise, thus allowing more buyers to enter the realm of homeownership.

Buyers are increasingly attracted to Florida’s vibrant lifestyle and economic opportunities, with many out-of-state individuals considering the state as their future home. Affordability remained a barrier over the last few years, but as conditions evolve, more buyers are expected to capitalize on forthcoming opportunities.

Overall, the data from November 2025 reflects a promising trajectory for Florida's housing market, reinforcing the state's appeal as a real estate destination. Those interested in gaining deeper insights into statewide housing activities can access full reports through the Florida Realtors Newsroom. Thanks to consistent efforts and professional guidance, both buyers and sellers can confidently navigate the market as they move forward into this new year.

For further information, the Florida Realtors Newsroom provides additional resources and details about market data and trends.

Florida Realtors stands as the authoritative voice in real estate within Florida, catering to over 238,000 members across 50 local boards and associations.