Closed sales, pending contracts, and median prices all moved in the right direction in April, signaling durable momentum
Florida's housing market has logged eight straight months of year-over-year sales gains.
April data from Florida Realtors shows closed transactions and new pending contracts rising across both single-family homes and condominiums, even as affordability pressures continue to weigh on buyers across the state.
Statewide, closed sales of existing single-family homes reached 24,129 last month, a 2.4% increase over April 2025.
Condo and townhouse closings rose more sharply, up 6.9% to 9,309 units.
The statewide median sales price for single-family homes edged up 1.8% year over year to $420,000, and condo-townhouse prices held steady at $315,000. While the pace of appreciation has cooled considerably from pandemic-era peaks, values are no longer in broad retreat.
"Florida's housing market continues to show sustainable momentum, with more buyers and sellers finding opportunities that make sense for their personal goals," said Chuck Bonfiglio, 2026 Florida Realtors president and broker-owner of AAA Realty Group in Plantation.
"We're seeing encouraging activity across the market — especially with pending sales rising in both the single-family and condo sectors — a sign that many consumers are continuing to move forward."
Pending sales — widely watched by mortgage professionals as a leading indicator of future closings — were particularly encouraging. New pending single-family contracts rose 8% year over year, more than double the increase recorded in each of the two prior months. Pending condo-townhouse contracts surged 14.7% compared with April 2025.
Pending sales data for the Florida housing market carries particular weight because homes typically go under contract one to two months before a sale closes — a gap that can stretch even longer when mortgage financing is involved.
"Since homes go under contract typically a month or two before the sale actually closes, new pending sales are a leading indicator of what closed sales will be a month or two later," said Florida Realtors chief economist Dr. Brad O'Connor.
"So, looking at April's new pending sales for single-family homes in Florida, that 8% year-over-year increase is more than double the increases we saw in each of the previous two months. As a result, I think we can be pretty confident that our run of rising closed sales will continue into May, and likely June. Only time will tell."
O'Connor was similarly upbeat about the trajectory for condominiums and townhouses.
"New pending sales of Florida condos and townhouses in April increased by nearly 15%," he noted.
"And, given that housing affordability is still a challenge across the state, other things being equal, condos remain one of the more affordable options in many local Florida markets."
Condos show resilience amid lingering headwinds
The resurgence in condo pending sales is notable given the sector's turbulent recent history.
After years of falling demand driven by soaring HOA dues, surging insurance premiums, and a Fannie Mae blacklist that rendered more than 1,400 Florida buildings ineligible for conventional financing, Florida's condo market appears to be finding a floor.
Kelly McBride, a mortgage loan officer at Nexa Lending, told Mortgage Professional America that she has observed a notable shift in buyer behavior.
"This year, buyers are showing more confidence," McBride said.
"They've had time to adjust to the current rate environment and better understand how to navigate the market. As a result, we're seeing more consistent activity and a steadier pace overall, which is a positive sign for both buyers and sellers."
Inventory picture remains uneven
Despite the encouraging sales data, inventory remains a complicating factor for mortgage professionals working in the state.
Single-family homes statewide carried a 4.7-months' supply in April, but condo and townhouse properties remained at an elevated 8.9-months' supply, firmly in buyer's market territory.
The current environment reinforces the value of a broker's local knowledge.
Bonfiglio echoed that point from the realty side: "In a market like this, working with a local Realtor who understands pricing trends, inventory, and neighborhood conditions can make a real difference for buyers and sellers alike."
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