Florida Realtors logo (PRNewsFoto/Florida Realtors)
Florida’s housing market demonstrated resilience in February 2026, with an increase in both closed sales and new pending sales compared to the previous year. According to data from Florida Realtors, closed sales of single-family homes reached a total of 18,379, reflecting a year-over-year increase of 3.9%. Additionally, existing condo and townhouse sales rose to 7,060, marking an 8.6% increase from February 2025.
Chuck Bonfiglio, the 2026 President of Florida Realtors, noted that the market is gaining momentum as it approaches the spring buying season. He emphasized that buyers remain active across various regions of the state. “Closed sales and pending sales both rose year-over-year,” Bonfiglio stated, indicating a positive trend for potential home buyers and sellers navigating the real estate landscape.
The statewide median sales price for single-family existing homes was reported at $412,000, down 0.7% from the previous year. For condo and townhouse properties, the median price stood at $309,000, which represents a 1.9% decrease compared to February 2025. These median figures suggest a stabilization in home prices, with homes selling for prices that are close to those seen last year.
Market Dynamics and New Listings
Despite the growth in closed and pending sales, the number of new listings for single-family homes was significantly lower in February compared to January. Dr. Brad O’Connor, Chief Economist for Florida Realtors, highlighted that new listings were down 9.5% year-over-year, which is a notable decline. While it is typical for new listings to drop in February, this year’s decline was larger than usual.
O’Connor explained that while February’s new listings were lower than January’s, they were not historically low. The decline in new listings for condo and townhouse properties also followed a similar pattern, with a year-over-year decrease of 15.2%. However, he noted that this return to more typical levels aligns with data from previous years, specifically from 2019 through 2022.
New pending sales exhibited positive growth as well, with existing single-family homes seeing an increase of 4% and condo-townhouse properties rising by 9.1%. O’Connor remarked, “A couple of months into 2026, it looks like we’re in for a more normal level of listings coming onto the market with slightly improved numbers of pending sales.”
Inventory Supply and Market Outlook
In February, the supply of single-family existing homes in Florida was recorded at a 4.8-month9.3-month230,000 members across 49 boards and associations.
