“Whether buying or selling, there is no question Floridians benefit from having a Realtor by their side – someone with true insight, real data and experience to guide them through the complexities of this evolving market.”
Florida’s housing market showed mixed results in June. The number of closed sales for existing single-family homes reached 23,827, marking a 2.8% increase compared to last year. In contrast, sales of existing condo-townhouse units fell by 6.4%, totaling 7,809 according to Florida Realtors Research Department.
For the second quarter of 2025, single-family home sales were down by 2.6% year-over-year at 72,155 units sold. Condo-townhouse sales saw a more significant decline of 14.2%, with total sales reaching 24,864 units.
Dr. Brad O’Connor, Chief Economist at Florida Realtors, highlighted the significance of the June figures: “This rebound helped to temper what would have been an otherwise very sluggish second quarter for closings.” He noted that while condo and townhouse sales had dropped by 20% in May compared to the previous year, June’s decline was less severe at only 6.4%.
The median sales price for single-family homes in June was $412,000, reflecting a decrease of 3.5% from June last year. Condo-townhouse units had a median price of $300,000, down by 7.7%. For the entire second quarter of 2025, the median price for single-family homes was $414,900 (a drop of 3.1%), while condo-townhouses stood at $310,000 (down by 6.1%).
Regarding new listings in June, Dr. O’Connor pointed out that there were fewer single-family homes listed compared to last year—a decrease of 2.7%. This trend followed growth earlier in the year but has shown signs of slowing down recently.
New listings for condos and townhouses decreased by 7.5% in June and were down by 6.2% overall for the second quarter.
On inventory levels: Single-family existing homes had a supply level equating to a 5.6-months’ supply both in June and over the second quarter; condo-townhouse properties were at a higher supply level with ten months available.
O’Connor explained that despite slower inventory growth rates recently observed: “The level of months’ supply in both property categories favors buyers at the negotiating table,” particularly emphasizing those interested in condos or townhouse units given their ten-month supply statewide.
