Existing-home sales increased during the month of November, rising 0.5% month-over-month to a seasonally adjusted annual rate of 4.13 million units.
Key National Highlights:
- Median home price climbed to $409,200, up 1.2% year-over-year — marking 29 consecutive months of annual price increases.
- Single-family homes saw prices rise 1.2% to $414,300; condo/townhome prices increased a more modest 0.1% to $358,600.
- Inventory grew 7.5% year-over-year to 1.33 million homes — equivalent to a 4.2-month supply at the current sales pace (up from roughly 3.8 months a year ago).
- Days on market extended to 36 days (vs. 32 days last November), signaling buyers are shopping more deliberately in the higher-rate environment.
- Investors and second-home buyers accounted for 18% of purchases.
- Distressed sales (foreclosures and short sales) remained negligible at just 2% of transactions.
Bottom line: The U.S. market continues to find stability with gradually improving inventory and stable sales volume, while home-price appreciation.
The Florida Housing Market
Florida’s housing market is showing encouraging signs of momentum as 2025 draws to a close, with November data revealing year-over-year increases in closed sales, pending contracts, and overall buyer activity; driven by easing mortgage rates. These positive trends signal strengthening demand and position the state for a potential rebound heading into 2026.
Statewide, existing-home closed sales increased 3.3% year-over-year, led by single-family homes (up 3.4%) and followed closely by condominiums and townhomes (up 1.6%), according to the latest Florida Realtors® report.
Closed Sales
In November 2025, Florida recorded 24,762 closed existing home sales statewide, a modest year-over-year increase driven by single-family homes (up 3.4%) and condo-townhouse units (up 1.6%). While transactions remained well below the spring peak, the typical seasonal slowdown proved milder than in recent years, reflecting resilient buyer interest amid easing mortgage rates.
The luxury segment continues to outperform: high-end properties priced at $1 million and above saw strong demand, contributing to sustained activity in premium markets across the state.
Median Sales Prices
Since mid-2023, Florida’s median home price has demonstrated remarkable stability, holding within a tight range amid fluctuating mortgage rates and normal seasonal variations.
In November, the statewide median dipped for the 10th consecutive month, declining 1.8% year-over-year to $375,000. This modest softening stems from a steady influx of new inventory, which is empowering buyers with stronger negotiating leverage and tempering the steep price growth observed in previous years.
Meanwhile, homes priced at $1 million and above saw a slight 1.7% year-over-year increase, highlighting how elevated supply and a more measured sales pace are fostering greater balance across all segments of the Florida market.
Active Inventory
Florida’s active housing inventory peaked above 200,000 listings in late spring but has trended lower through the summer and early fall, influenced by seasonal patterns and fluctuating mortgage rates that encouraged some sellers to pause or withdraw their homes from the market.
As of November, the statewide total stood at 181,722 active listings—a solid 5.2% higher than a year ago and more than double the lows of 2022–2023, yet representing the second-lowest point of 2025.
Rising delistings and increasing seller caution are now moderating inventory growth, contributing to a healthier equilibrium between available supply and the state’s resilient buyer demand.
The South Florida Housing Market
By November 2025, South Florida’s housing market, encompassing Miami-Dade, Broward, and Palm Beach counties, had transitioned into a more balanced environment, with sales activity rebounding notably amid cooling price growth to more sustainable levels.
Closed sales across the tri-county region increased 8.9% year-over-year, reaching 4,991 transactions and pushing total dollar volume up 12% to $3.9 billion. The median price across all property types remained essentially flat at $495,000, underscoring the moderating influence of expanded supply on seller pricing power.
Active inventory continued to rise steadily, climbing 6.7% from the previous November to 47,838 listings, providing buyers with greater options and contributing to the market’s evolving equilibrium.
The Greater Orlando Housing Market
As of November 2025, Orlando’s housing market remained relatively stable, reflecting a period of measured adjustment amid broader statewide trends.
Existing-home sales declined 1.4% year-over-year to 2,624 closings, while total dollar volume edged up 0.5% to $1.3 billion. The median sales price held flat at $410,000, illustrating how rising supply is being effectively absorbed without precipitating significant price drops.
Inventory continued its steady expansion, rising 8.0% from a year earlier. At the same time, new listings fell 5.5%, delivering buyers the healthiest selection in years and guiding the market toward greater balance.
The Tampa Bay Housing Market
In November 2025, the Tampa-St. Petersburg-Clearwater metro area experienced broad-based declines, with closed sales falling 4.9% year-over-year and total dollar volume dropping 9.7%.
The median price across all property types eased 4% to $360,000, pulling back from the recent peak of $390,000. This moderation reflects the healthy buildup of available homes, which is providing buyers with more options rather than signaling any erosion in underlying demand.
Inventory continued to expand, rising 11% from last November to 20,524 active listings. However, new listings declined significantly by 24%, highlighting growing seller caution amid shifting market dynamics.
Do you have a property to sell?
If you have a property that you need to sell, now is the time to call Quantum Realty Advisors, Inc. for a free, 30-minute consultation to discuss your immediate needs and how we can help to address them.
On behalf of our clients and strategic partners, we have successfully sell over hundreds of residential and commercial properties in most major markets nationwide.
Our team has an extensive network of highly experienced partner brokers who can assist with all the local requirements, and we will personally be there for you every step of the way.
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