Florida housing market shows price stability amid rising ownership costs

The Florida housing market in September 2026 is characterized by relatively stable property prices but increasing challenges regarding total ownership costs. While the state's median single-family sale price reached $415,000, representing a 1.2% annual increase, buyers are increasingly focused on the impact of insurance, taxes, and storm-related expenses on long-term affordability.

In Lee County, the market showed signs of stabilization with tightening inventory. Single-family home median sale prices in the area held steady at $375,500, a marginal 0.1% year-over-year increase. Conversely, condo and townhouse median prices saw a decline of 8.9%. Luxury sales remained strong in golf communities, which accounted for 70% of the top 10 highest-priced residential sales in the county.

Overall, while a statewide housing crash appears unlikely, high homeowners insurance premiums, hurricane deductibles, and flood coverage are significantly affecting purchasing power and monthly budgets.