Florida’s housing market showed mixed trends in January 2025, with an increase in new listings and inventory. According to the Florida Realtors Research Department, single-family home sales rose by 3.6% compared to January 2024, reaching a total of 15,384 closed sales. Conversely, existing condo-townhouse sales decreased by 3.7%, totaling 5,787.
The median sales price for single-family homes was $410,000, marking a 1.2% increase from the previous year. In contrast, condo-townhouse units saw a decline in median price by 2.3%, settling at $312,500.
Florida Realtors Chief Economist Dr. Brad O’Connor commented on the seasonal pattern: “The arrival of a new year usually brings with it a revival in the rate of homes being listed for sale, and that was certainly the case this January.” He noted over 35,500 single-family homes were listed in January—the highest since July 2022—and highlighted that new listings increased by 15.4% year-over-year.
For condos and townhouses, there was a record-breaking number of new listings—18,865—which represented a growth of 6.7% compared to last year.
Statewide inventory saw significant increases as well: existing single-family homes grew by 31.3%, while condo-townhouse units were up by 39.3%. O’Connor explained that “with growth in new listings continuing to outpace sales,” inventory levels have risen again.
Looking ahead to the spring buying season, O’Connor advised monitoring inventory levels closely: “If they do [keep rising], then perhaps some sellers holding out for higher offers will see their resolve weaken enough to let their homes go.”
Last month’s supply data indicated a supply of single-family existing homes at five months and one week (5.1 months), while condo-townhouse properties had over nine months’ supply (9.1 months).
