[REVISION HISTORY]

Florida housing market trends

7 recorded revisions of this situation.

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2026-10-26 13:25 UTC → 2026-10-31 22:05 UTC · added ~~removed~~

The Florida housing market is characterized by a widening divergence between single-family homes and the condominium sector. By late 2026, the statewide median sale price for existing single-family homes reached $415,000, a 1.2% year-over-year increase, supported by tightening inventory. In contrast, the condominium and townhouse segment remains a buyer’s market with approximately 7.7 months of supply and a median price of $298,000. In South Florida, this split is pronounced. In Palm Beach County, single-family homes maintain a seller’s market with 3.5 months of supply, while the condo market holds 6.7 months of supply. Miami-Dade faces unique pressures; while the luxury condo market ($1M+) saw a 15.5% increase in transactions in July 2026, the region received an ‘F’ grade in affordability due to land scarcity and high costs. This scarcity forces much new construction upward into luxury high-rises. Condominium buyers face significant headwinds from post-Surfside structural reforms, including mandatory reserve studies and increased assessments. Financing is also restricted, with estimates suggesting only 21 out of 2,400 By September 2026, South Florida ~~condo buildings are FHA-approved, driving~~ counties reported a ~~high volume of cash purchases.~~ downward trend in median listing prices and active inventory. In Miami-Dade, the ~~Florida Keys, high interest rates~~ median listing price fell 1% year over year to $589,000, while active listings decreased by 8%. Broward County saw a 5% year-over-year decline in median listing prices to $380,000, alongside a 12% drop in active listings. Palm Beach reported a 3% decrease in median listing prices to $472,000 and ~~rising insurance costs have shifted~~ a 19% decline in active listings. Segmented data for Broward County shows that while median condo sale prices declined 14.6% to $235,000, the ~~demographic toward affluent cash buyers, as mortgage payments~~ median price for ~~waterfront properties have nearly doubled~~ single-family homes rose 2.4% to $641,500. Additionally, mid-market condominium sales priced between ~~$6,500 and $7,000. While property prices remain relatively stable, rising ownership costs—including insurance, taxes,~~ $500,000 and ~~storm-related expenses—are increasingly impacting long-term affordability.~~ $600,000 in Broward increased by 8% year over year.

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