Florida Realtors Chief Economist: Fla.’s single-family inventory is at a 5.3-months’ supply, suggesting it has moved out of a seller’s market into relative balance.
ORLANDO, Fla. — In February, Florida’s housing market reported more inventory (active listings) and moderating median sales prices compared to a year ago, according to Florida Realtors®’ latest housing data.
“Florida’s single-family housing market appears to be reaching equilibrium, with for-sale inventory continuing to rise, median prices remaining relatively flat and mortgage interest rates moderating,” said 2025 Florida Realtors President Tim Weisheyer, broker-owner, Dream Builders Realty and dbrCommercial Real Estate Services in Central Florida. “These trends indicate market conditions for single-family existing homes are becoming more balanced between sellers and buyers, which should help ease affordability constraints.
“On the other hand, ongoing trends in the Florida’s condo-townhouse market, including a 9.7-months’ supply of inventory, show that it’s a buyer’s market, at least at the statewide level. With conditions varying by local markets, the expertise and knowledge that a local Realtor® brings to the table is a priceless resource for consumers.”
Closed sales of single-family homes statewide last month totaled 17,698, down 7% from the February 2024 level, while existing condo-townhouse sales totaled 6,503, down 13% year-over-year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Closed sales may occur from 30- to 90-plus days after sales contracts are written.
The statewide median sales price for single-family existing homes in February was $415,000, the same level as the previous year; for condo-townhouse units, it was $315,000, down 3.1% compared to February 2024. The median is the midpoint; half the homes sold for more, half for less.