Florida’s housing market showed positive signs in February 2026, with closed sales and new pending sales both increasing compared to the previous year. According to data from Florida Realtors, closed sales of single-family homes reached 18,379, marking a 3.9% rise from February 2025. Additionally, existing condo-townhouse sales saw an even more significant increase, totaling 7,060 sales, which represents an 8.6% year-over-year rise.
Chuck Bonfiglio, President of Florida Realtors and broker-owner of AAA Realty Group in Plantation, commented on the market’s momentum, stating, “Florida’s housing market continued building momentum in February as we move toward the spring buying season.” His remarks reflect the ongoing activity among buyers across many parts of the state.
The overall median sales price for single-family existing homes in Florida was reported at $412,000, a slight decline of 0.7% from the previous year. For condo-townhouse units, the median price stood at $309,000, down 1.9% compared to February 2025. The median prices indicate that while sales activity is increasing, prices are stabilizing, with homes selling at levels similar to a year ago.
Trend Analysis and Market Dynamics
Despite the growth in closed sales, the number of new listings entering the market in February was notably lower than in January. Brad O’Connor, Chief Economist for Florida Realtors, noted that new listings of single-family homes dropped significantly, declining 9.5% compared to February 2025. “This year’s drop was unusually large,” he explained, emphasizing that while such declines in new listings are typical for February, the current decrease stands out.
New listings for condo-townhouse properties also experienced a decline of 15.2% year-over-year, although this decline aligns more closely with historical trends observed from 2019 through 2022. O’Connor suggested that the market appears to be returning to normal levels for new listings, indicating a potential stabilization in the market.
New pending sales showed a positive trajectory in February, with existing single-family homes up 4% and condo-townhouse properties up 9.1% compared to the previous year. This increase in pending sales reflects a stronger buyer presence in the market, which is essential as the spring buying season approaches.
Inventory Levels and Future Outlook
The supply of single-family existing homes in Florida was at a 4.8-month9.3-month230,000 members across 49 boards and associations, Florida Realtors remains a primary voice for real estate in Florida.