A late-year drop in mortgage rates helped reverse an early slump
Florida’s housing market ended 2025 with higher single-family home sales and stabilizing prices after a year of shifting conditions, according to new data released by Florida Realtors.
Closed sales of existing single-family homes reached 255,012 for the year, up 0.9% from 2024, the organization reported. Existing condo-townhouse sales totaled 88,793 units statewide, down 5.9% from the previous year.
The market shifted direction midway through 2025 after starting the year with declining sales and rising inventories, similar to patterns seen in 2023 and 2024, said Dr. Brad O’Connor, chief economist for Florida Realtors.
“Mortgage rates fell by more than half a percentage point in the waning months of the year, and as a result, sales really responded here in the Sunshine State,” O’Connor said.
December marked the fifth consecutive month of year-over-year increases in new pending sales of single-family homes, with 5.4% more homes going under contract than in December 2024. The streak was the longest period of growth since an 11-month run that began in February 2021 during the pandemic housing boom, O’Connor said.
The statewide median sales price for single-family existing homes stood at $413,990 at year’s end, down 1.4% from 2024. Condo-townhouse properties had a median price of $310,000, down 4.7% from the previous year.
Inventory levels showed a 4.6-month supply for single-family homes and an 8.8-month supply for condo-townhouse properties in December 2025 and the fourth quarter of 2025, suggesting a return to more typical seasonal patterns, the data showed.
Chuck Bonfiglio, 2026 Florida Realtors president and broker-owner of AAA Realty Group in Plantation, said the market offered improved conditions for both buyers and sellers.
“Buyers have more homes to choose from, sellers are seeing steady demand, and prices are reaching a healthier range,” Bonfiglio said.
O’Connor said condo and townhouse sales have faced steeper declines than single-family homes in recent years, particularly because of safety regulations and reserve requirements introduced beginning in 2022. While these rules improve building safety, they also increase costs, he said.
The annual dollar volume of single-family sales rose 2% to $154.6 billion in 2025, the third-highest total since records began in 2008. For condo-townhouse sales, dollar volume fell 8.5% to $40.6 billion.
Fourth-quarter data showed closed sales of single-family homes totaled 60,872, up 7.7% from a year earlier, with a median price of $413,000. Condo-townhouse sales reached 21,233 units, up 7.9%, with a median price of $300,000.
