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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.