Florida pending sales outperform national market
Florida single-family pending sales rose 4.1% year over year in June, outperforming national and regional declines. Closed sales and prices also increased, though the monthly pending-sales total fell from May.
Florida’s single-family housing market showed stronger year-over-year momentum than the nation, with new pending sales rising in the state while declining nationally, according to the latest housing data.
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New pending sales of Florida single-family homes increased 4.1% from June 2025, reaching 24,235, according to Florida Realtors® data. Pending inventory, which measures all homes under contract at the end of the month, rose 5.1% year over year to 32,034.
Nationally, pending home sales fell 0.3% from a year earlier, according to the National Association of Realtors®. The South posted a 0.9% annual decline, making Florida’s increase particularly notable within the region.
The statewide numbers suggest Florida buyers remained active despite mortgage rates near 6.5% and affordability concerns weighing on the broader U.S. market. New pending sales also increased 4.8% year over year in May.
The statewide numbers suggest Florida buyers remained active despite mortgage rates near 6.5% and affordability concerns weighing on the broader U.S. market. New pending sales also increased 4.8% year over year in May.
Sales activity typically slows after the spring buying season, with both new pending sales and closed sales generally lower in the summer. Because that pattern occurs nearly every year, Florida Realtors economists said the more important measure is whether sales are rising or falling compared with the same period a year earlier.
For now, that trend remains positive. However, if the year-over-year change in new pending sales moves closer to zero or turns negative, closed sales could follow a month or two later. That could become more likely if mortgage rates rise above their year-ago levels in the coming months.
Pending sales are considered an early indicator of future closings because they represent homes that are under contract but have not yet completed the sales process. Not every pending contract closes, however, because financing, inspections, appraisals and other issues can cause transactions to fall through.
Florida’s completed sales also strengthened in June. Closed sales of single-family homes increased 9.3% year over year to 26,036, while the median sale price rose 4.9% to $432,000. The large annual sales gain was partly influenced by an unusually weak June 2025, but total sales remained higher than last year and close to June 2023 levels.
For Realtors®, the statewide increase in pending sales provides a useful starting point for conversations with buyers and sellers, but local conditions may differ.
Members canuse SunStats to compare pending sales, inventory, prices and other trends in their own markets.
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