Florida home sales rise for 11th straight month

Florida home sales rose again in July, extending a nearly yearlong streak of year-over-year gains as inventory tightened and buyers continued moving forward despite stubborn mortgage rates.

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Florida’s housing market posted its 11th consecutive month of year-over-year closed sales gains in both major property categories in July, according to Florida Realtors® Chief Economist Dr. Brad O’Connor.

Single-family closed sales rose just over 5% from July 2025, while condo and townhouse sales climbed 11%. New pending sales of single-family homes also increased nearly 2.5%, marking the 12th straight month of year-over-year growth.

O’Connor said the continued sales gains are notable because buyers no longer have the same mortgage-rate advantage they had earlier this year.

“The last couple of months of data give us hope that it's not just mortgage rates that have been driving demand in Florida, but also pent-up demand from buyers who no longer wish to sit out waiting for affordability in the Sunshine State to return to 2019 levels,” he said.

July’s statewide market data showed:

• Single-family closed sales rose just over 5% year over year.
• Condo and townhouse sales increased 11%.
• New pending single-family sales rose nearly 2.5% from a year earlier.
• Single-family inventory fell almost 13.5% year over year.
• Condo and townhouse inventory declined just under 13%.
• The single-family median sale price rose 3.7% to $425,000.
• The condo and townhouse median price held steady at $295,000.

For buyers and sellers, the July numbers show a market that continues to move even without a major drop in mortgage rates. Tightening inventory could change negotiating conditions in some markets, making local data on supply, price point and property type increasingly important when setting expectations.

“Perhaps most importantly, we’re increasingly seeing evidence that buyers are returning to the market even without a major improvement in mortgage rates,” O’Connor said.

July 2026 market report

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