Florida’s housing market continues to build momentum, and the July 2026 numbers give both buyers and sellers reasons to be optimistic.
Closed home sales increased year over year for the 11th consecutive month, showing that buyers are returning to the market even without a dramatic drop in mortgage rates. Single-family home sales rose just over 5%, while condo and townhouse sales jumped 11% compared with July 2025.
At the same time, inventory is tightening. Single-family inventory fell nearly 13.5% year over year, while condo and townhouse inventory declined almost 13%. That combination — increasing sales and decreasing inventory — is something worth watching closely.
Prices are also showing resilience. The statewide median single-family sale price increased 3.7% to $425,000, while the median condo and townhouse price remained steady at $295,000.
Perhaps the most encouraging sign is that buyers appear to be coming off the sidelines without waiting for mortgage rates to return to the levels we saw several years ago. Pending single-family sales increased nearly 2.5%, extending their year-over-year growth streak to 12 consecutive months.
What Does This Mean for South Florida Buyers and Sellers?
It means this is not the time to sit back and assume the market will wait for you.
For buyers, increased competition combined with shrinking inventory could make the best homes harder to secure. Being prepared — understanding your financing, knowing your target neighborhoods and being ready to move when the right property hits the market — can make a major difference.
For sellers, declining inventory and improving buyer activity could create new opportunities, but pricing, presentation and marketing still matter tremendously. Buyers have options and access to more information than ever, so simply putting a property on the market is not the same as positioning it to sell.
The Florida market is showing encouraging signs, but real estate remains extremely local. South Florida can behave very differently from statewide averages, and conditions can change dramatically from one neighborhood, price range or property type to another.
The takeaway: opportunity is returning, but this is a market that rewards action and preparation.
Whether you’re considering buying, selling or simply trying to determine what your property is worth in today’s market, now is the time to start developing a strategy — not after everyone else recognizes the shift.
Don’t chase the market. Get in front of it.
Frequently Asked Questions
Is South Florida’s housing market improving in 2026?
Yes. Home sales increased year over year for the 11th consecutive month in July 2026. Single-family home sales rose just over 5%, while condo and townhouse sales increased 11% compared with July 2025.
Are buyers returning to the Florida real estate market?
The data suggests they are. New pending single-family home sales increased nearly 2.5% year over year in July, marking the 12th consecutive month of growth. Buyers appear increasingly willing to move forward even without a major decline in mortgage rates.
Is housing inventory increasing or decreasing in Florida?
Inventory is tightening. Single-family home inventory declined nearly 13.5% compared with the previous year, while condo and townhouse inventory fell almost 13%. Lower inventory combined with improving sales activity could create more competition for desirable properties.
Are Florida home prices going up?
Statewide, the median sale price for a single-family home increased 3.7% year over year to $425,000 in July 2026. The median price for condos and townhouses remained relatively steady at $295,000.
Should buyers wait for mortgage rates to fall before purchasing?
Waiting for lower rates can come with a tradeoff. If rates decline and more buyers enter the market at the same time, competition and home prices could increase. July’s numbers show that many Florida buyers are already moving forward despite current mortgage rates.
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