Florida Housing Market Ends 2025 on Stronger, More Stable Ground
As 2025 wrapped up, Florida’s housing market demonstrated encouraging signs of stability and recovery. According to the most recent data from Florida Realtors®, year-over-year closed sales of existing single-family homes increased, active listings reflected more typical seasonal levels, and median home prices across the state began to level off.
Year-End 2025 Overview
Florida Realtors Chief Economist Dr. Brad O’Connor explained that the year followed a familiar pattern at first. “Much like 2023 and 2024, early 2025 was marked by declining sales and rising inventory,” he said. “However, conditions shifted around midyear. Slower growth in homeowners insurance costs, along with mortgage rates dropping by more than half a percentage point late in the year, helped stimulate buyer activity across Florida.”
Echoing that sentiment, 2026 Florida Realtors President Chuck Bonfiglio, broker-owner of AAA Realty Group in Plantation, said the market became healthier overall. “Florida saw a more balanced and sustainable housing environment in 2025, which benefits consumers,” Bonfiglio noted. “Buyers now have greater selection, sellers are experiencing consistent demand, and prices are settling into a more reasonable range. Partnering with a Realtor® anywhere in Florida can provide the local expertise needed to make the most of today’s opportunities.”
Statewide, closed sales of existing single-family homes totaled 255,012 in 2025, representing a 0.9% increase from year-end 2024, based on research from Florida Realtors in collaboration with local Realtor boards and associations. In contrast, sales of existing condo-townhouse units declined, with 88,793 properties sold statewide—down 5.9% from the prior year. Closed sales figures typically reflect contracts written 30 to 90 days earlier.
O’Connor pointed out that sustained growth in pending single-family home sales during the latter part of the year contributed to stronger closing activity. Pending sales of single-family homes at year-end were up 1.9% compared to 2024, while pending condo-townhouse sales fell 4.6% year-over-year.
“December marked the fifth consecutive month of year-over-year growth in new pending single-family home sales,” O’Connor said. “Contracts signed were up 5.4% compared to December 2024. That’s the longest growth streak since the 11-month run that began in early 2021 during the pandemic housing surge, and it translated into several months of gains in closed sales as well.”
For condo and townhouse properties, O’Connor noted that sales declines have been more pronounced in recent years, largely due to new safety standards and reserve funding requirements introduced gradually starting in 2022. “While these measures enhance building safety, they also add costs,” he said.
“Similar to single-family homes, condo and townhouse closings ended 2025 with four consecutive months of year-over-year growth, culminating in a 10.4% increase in December compared to the prior year,” O’Connor added. “However, that late-year improvement wasn’t enough to fully offset earlier declines when looking at the year as a whole.”
At the end of 2025, the statewide median price for existing single-family homes was $413,990, a 1.4% decrease from the previous year. The median price for condo-townhouse units stood at $310,000, down 4.7% year-over-year. Median prices represent the midpoint of all sales, with half selling above and half below that figure.
Inventory levels also reflected a more normalized market. By December 2025—and consistent through the fourth quarter—single-family homes had a 4.6-month supply statewide, while condo-townhouse properties showed a higher 8.8-month supply, according to Florida Realtors data.
December 2025 Snapshot
In December alone, statewide closed sales of existing single-family homes reached 22,007, up 5.9% from December 2024. Condo-townhouse closings totaled 7,911 units, a 10.4% increase year-over-year.
The statewide median price for single-family homes in December was $415,000, unchanged from the prior year. Condo-townhouse median prices came in at $310,000, reflecting a 1.6% decline compared to December 2024.
Fourth Quarter 2025
During the fourth quarter of 2025, closed sales of existing single-family homes totaled 60,872 statewide, a 7.7% increase from the same quarter in 2024. The median price for single-family homes during the quarter was $413,000, down 0.5% year-over-year.
Condo-townhouse sales also rose in the fourth quarter, with 21,233 units sold statewide—up 7.9% compared to 4Q 2024. However, the median price for these properties fell to $300,000, a 4.8% decrease from the previous year.
Closing Out the Year
O’Connor noted that total dollar volume for single-family home sales increased by 2% in 2025, reaching $154.6 billion, though inflation reduced the real impact. “In nominal terms, this ranks as the third-highest total since our records began in 2008,” he said. “But with inflation exceeding 2% in 2025, the real dollar volume dipped slightly—by less than 1%—leaving it generally in line with three of the past five years.”
For condo and townhouse properties, annual dollar volume declined more sharply. O’Connor attributed this to both lower sales activity and modest price declines.
“Total dollar volume for closed condo and townhouse sales fell to $40.6 billion, a decrease of 8.5% for the year—or 10.5% after adjusting for inflation,” he said.
Complete statewide housing reports are available through the Florida Realtors Newsroom under Latest Releases, or by downloading the December, fourth-quarter, and year-end 2025 data reports from the Market Data section of the website.
Year-End 2025 Overview
Florida Realtors Chief Economist Dr. Brad O’Connor explained that the year followed a familiar pattern at first. “Much like 2023 and 2024, early 2025 was marked by declining sales and rising inventory,” he said. “However, conditions shifted around midyear. Slower growth in homeowners insurance costs, along with mortgage rates dropping by more than half a percentage point late in the year, helped stimulate buyer activity across Florida.”
Echoing that sentiment, 2026 Florida Realtors President Chuck Bonfiglio, broker-owner of AAA Realty Group in Plantation, said the market became healthier overall. “Florida saw a more balanced and sustainable housing environment in 2025, which benefits consumers,” Bonfiglio noted. “Buyers now have greater selection, sellers are experiencing consistent demand, and prices are settling into a more reasonable range. Partnering with a Realtor® anywhere in Florida can provide the local expertise needed to make the most of today’s opportunities.”
Statewide, closed sales of existing single-family homes totaled 255,012 in 2025, representing a 0.9% increase from year-end 2024, based on research from Florida Realtors in collaboration with local Realtor boards and associations. In contrast, sales of existing condo-townhouse units declined, with 88,793 properties sold statewide—down 5.9% from the prior year. Closed sales figures typically reflect contracts written 30 to 90 days earlier.
O’Connor pointed out that sustained growth in pending single-family home sales during the latter part of the year contributed to stronger closing activity. Pending sales of single-family homes at year-end were up 1.9% compared to 2024, while pending condo-townhouse sales fell 4.6% year-over-year.
“December marked the fifth consecutive month of year-over-year growth in new pending single-family home sales,” O’Connor said. “Contracts signed were up 5.4% compared to December 2024. That’s the longest growth streak since the 11-month run that began in early 2021 during the pandemic housing surge, and it translated into several months of gains in closed sales as well.”
For condo and townhouse properties, O’Connor noted that sales declines have been more pronounced in recent years, largely due to new safety standards and reserve funding requirements introduced gradually starting in 2022. “While these measures enhance building safety, they also add costs,” he said.
“Similar to single-family homes, condo and townhouse closings ended 2025 with four consecutive months of year-over-year growth, culminating in a 10.4% increase in December compared to the prior year,” O’Connor added. “However, that late-year improvement wasn’t enough to fully offset earlier declines when looking at the year as a whole.”
At the end of 2025, the statewide median price for existing single-family homes was $413,990, a 1.4% decrease from the previous year. The median price for condo-townhouse units stood at $310,000, down 4.7% year-over-year. Median prices represent the midpoint of all sales, with half selling above and half below that figure.
Inventory levels also reflected a more normalized market. By December 2025—and consistent through the fourth quarter—single-family homes had a 4.6-month supply statewide, while condo-townhouse properties showed a higher 8.8-month supply, according to Florida Realtors data.
December 2025 Snapshot
In December alone, statewide closed sales of existing single-family homes reached 22,007, up 5.9% from December 2024. Condo-townhouse closings totaled 7,911 units, a 10.4% increase year-over-year.
The statewide median price for single-family homes in December was $415,000, unchanged from the prior year. Condo-townhouse median prices came in at $310,000, reflecting a 1.6% decline compared to December 2024.
Fourth Quarter 2025
During the fourth quarter of 2025, closed sales of existing single-family homes totaled 60,872 statewide, a 7.7% increase from the same quarter in 2024. The median price for single-family homes during the quarter was $413,000, down 0.5% year-over-year.
Condo-townhouse sales also rose in the fourth quarter, with 21,233 units sold statewide—up 7.9% compared to 4Q 2024. However, the median price for these properties fell to $300,000, a 4.8% decrease from the previous year.
Closing Out the Year
O’Connor noted that total dollar volume for single-family home sales increased by 2% in 2025, reaching $154.6 billion, though inflation reduced the real impact. “In nominal terms, this ranks as the third-highest total since our records began in 2008,” he said. “But with inflation exceeding 2% in 2025, the real dollar volume dipped slightly—by less than 1%—leaving it generally in line with three of the past five years.”
For condo and townhouse properties, annual dollar volume declined more sharply. O’Connor attributed this to both lower sales activity and modest price declines.
“Total dollar volume for closed condo and townhouse sales fell to $40.6 billion, a decrease of 8.5% for the year—or 10.5% after adjusting for inflation,” he said.
Complete statewide housing reports are available through the Florida Realtors Newsroom under Latest Releases, or by downloading the December, fourth-quarter, and year-end 2025 data reports from the Market Data section of the website.
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