Tight inventory helps Florida prices hold firm
Florida housing inventory fell by double digits in August, helping support prices even as sales slowed, Florida Realtors Chief Economist Dr. Brad O’Connor said.
Florida had fewer homes for sale in August, but that tightening supply helps explain why prices continued to hold up even as sales slowed, Florida Realtors® Chief Economist Dr. Brad O’Connor said.
August 2026: Sales Slow. Prices Hold.
The shift was especially notable for single-family homes. End-of-month inventory fell 13% from August 2025 and dropped below where it stood two years ago, when supply was still on the way up.
Condo and townhouse inventory followed a similar path. It declined 11.5% year over year and moved close to falling below its August 2024 level.
“Despite the mild slowdown in sales activity, tightening inventory is keeping home prices largely intact,” O’Connor said.
That connection showed up in August’s prices:
- The single-family median sale price rose just over 1% year over year to $415,000, its sixth consecutive month of annual gains.
- The condo and townhouse median increased nearly 3% to just under $298,000.
The price increases came even as closed sales dipped about 1.5% for single-family homes and just under 2% for condos and townhouses.
For Realtors®, the inventory trend helps explain what could otherwise look like a contradiction to buyers and sellers: Sales eased, yet prices rose. The numbers show why the supply of available homes matters alongside monthly sales totals.
The statewide figures, however, can only say so much about an individual community. Florida Realtors members can use SunStats to see whether inventory is tightening in their local markets and how those changes line up with sales and prices.
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