Florida Housing Market Update: August 2026

According to Florida Realtors' September 2026 release, Florida single-family homes recorded 21,497 closed sales in August 2026, a decrease of 1.4% compared with the same month a year earlier. The statewide median sales price for single-family homes reached $415,000, up 1.2% year over year and the sixth consecutive month of annual price increases.

Inventory of single-family homes available for sale was down 13% compared with a year earlier, and the market carried 4.3 months' supply at the August sales pace. A lower months' supply figure generally indicates a tighter market for that segment.

Condo-townhouse properties recorded 7,291 closed sales in August 2026, down 1.8% from a year earlier. The statewide median price for condo-townhouse units was $298,000, up 2.8% year over year.

Condo-townhouse inventory was down 11.5% compared with a year earlier, and months' supply stood at 7.7 — notably higher than the single-family figure. This indicates that, relative to the pace of sales, more condo-townhouse inventory is available on the market than single-family inventory.

Taken together, this data suggests single-family homes remain a tighter market statewide than condo-townhouse properties, which may affect negotiating dynamics depending on the property type a buyer is pursuing. Local conditions can vary significantly by county and city, so these statewide figures are a starting point rather than a substitute for local market data.

Buyers and sellers should keep in mind that market conditions can change from month to month, and decisions about buying or selling depend on individual circumstances, financing options, and local inventory.

Numbers like these are a starting point. What matters is how they play out in the neighborhood and building you're considering.

This is intended as a recurring monthly series. The next Florida Realtors data release is expected October 16, 2026, and this post will be updated once that data is available.

July 2026 data: In Miami-Dade, MIAMI REALTORS' July 2026 report (released August 17, 2026) showed a single-family median sale price of $685,000, up 3.8% from $660,000 a year earlier, with 4.8 months of supply versus 6.6 a year earlier.

Statewide figures like these can help buyers and sellers understand broader trends, but they are an average across Florida's many distinct local markets. A county or city with strong job growth, limited new construction, or seasonal demand can diverge meaningfully from the statewide numbers reported here.

For buyers comparing single-family homes and condo-townhouse units, the gap between 4.3 months' supply and 7.7 months' supply may be a useful starting point for understanding where more negotiating room could exist, though actual conditions depend heavily on the specific neighborhood and price range.

Tracking this data over several months, rather than relying on a single snapshot, can give a clearer sense of whether a trend like rising single-family prices is continuing or leveling off. This series is intended to make that month-over-month comparison easier to follow.

Comparing the two property types side by side helps illustrate how different these segments of the Florida market looked in August 2026. Condo-townhouse closed sales fell by a larger margin year over year, down 1.8%, compared with the single-family decline of 1.4%. At the same time, condo-townhouse median prices rose faster on a percentage basis, up 2.8%, compared with the single-family market's 1.2% increase, even though the single-family median dollar figure of $415,000 remains well above the condo-townhouse median of $298,000.

The most notable contrast is in supply. With 4.3 months' supply, single-family inventory remains comparatively tight, while condo-townhouse supply at 7.7 months points to more available choices relative to current sales activity. Buyers focused on condo-townhouse properties may find more selection, while those looking at single-family homes may encounter more competition for available listings.

These contrasts can matter for how buyers approach their search. A buyer comparing a single-family home against a comparably priced condo-townhouse unit may find different levels of competition, different price trends, and a different pace of available inventory depending on which segment they focus on. None of these statewide patterns guarantee a particular outcome in any individual transaction, and local conditions should always be confirmed with current listings data for the specific area and price range under consideration.