Existing-home sales increased during the month of March, rising 0.2% year-over-year to a seasonally adjusted annual rate of 4.02 million units.
Key National Highlights:
- Median home price climbed to $417,700, up 0.9% year-over-year — marking 34 consecutive months of annual price increases.
- Single-family homes saw prices rising by 1.0% to $422,300; condo/townhome prices increased 2.7% to $374,100.
- Inventory increased 1.4% year-over-year to 1.47 million homes, equivalent to a 4.4-month supply at the current sales pace.
- Days on market extended to 32 days (vs. 29 days last April).
- Investors and second-home buyers accounted for 18% of purchases.
- Distressed sales (foreclosures and short sales) remained negligible at just 2% of all transactions.
Bottom line: The national housing market showed modest stability in April 2026. Existing-home sales edged up 0.2% month-over-month to 4.02 million (flat year-over-year), while the median sales price rose 0.9% to $417,700. Inventory increased slightly to a still-tight 4.4 months’ supply, supporting gradual affordability gains amid lower mortgage rates. Overall, a balanced and steady market with no major shifts.
The Florida Housing Market
Florida’s housing market maintained positive momentum in April 2026, with closed sales rising year-over-year for the eighth consecutive month across both single-family homes and condos/townhouses. New pending sales showed even stronger gains, pointing to sustained buyer demand and further sales growth ahead.
Median prices remained stable to slightly higher, while inventory continued to tighten, resulting in a balanced yet competitive environment that favors steady market activity.
Closed Sales
In April 2026, Florida’s existing-home market remained strong, with 35,003 statewide closed sales (a 3.4% increase from the previous year). The gains were broad-based, driven by solid growth in both single-family homes and condo/townhouse segments.
Demand for luxury properties remained particularly robust, with sales of homes priced at $1 million and above surging 19.1% year-over-year. This marks the fifth consecutive month of double-digit growth in the luxury segment.
Median Sales Prices
Florida’s median home price has exhibited remarkable stability since mid-2023, holding within a narrow range despite fluctuations in mortgage rates and seasonal demand.
In April 2026, the statewide median price for existing homes rose a modest 1.49% year-over-year to $385,000, just below the all-time high of $394,900 recorded in June 2024. The luxury segment remained particularly strong, with the median price for homes priced at $1 million and above increasing 4.2% year-over-year to $1,630,000.
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Active Inventory
Florida’s active housing inventory continued to tighten in April 2026, declining 13.6% year-over-year to 176,563 units. This marks the third consecutive month of declines. While still well above the post-pandemic lows of 2022, current levels remain notably below the recent high of 204,275 units.
Luxury inventory for properties priced at $1 million and above also decreased 8.4% year-over-year to 26,376 units.
The South Florida Housing Market
The Miami-Fort Lauderdale-West Palm Beach Metro Area demonstrated continued resilience in April 2026.
Closed sales increased 4.9% year-over-year to 6,778 transactions, while total dollar volume rose a robust 9.7% to $6.3 billion. New pending sales showed particularly strong momentum, climbing 13% to 7,580, indicating sustained buyer demand heading into the summer months.
On the supply side, conditions tightened further. Active inventory declined 15% year-over-year to 44,245 properties, and new listings fell 12% to 10,108. Despite the reduced supply, the median sale price remained stable at $517,500, reflecting only a modest 0.5% decrease from the prior year.
The Greater Orlando Housing Market
The Orlando-Kissimmee-Sanford MSA experienced a modest slowdown in April 2026. Closed sales totaled 3,354, down 3.2% year-over-year, while dollar volume declined 3.8% to $1.6 billion. The median sale price also softened slightly, falling 1.2% to $400,000.
Supply conditions continued to tighten, with active inventory decreasing 4.4% to 14,954 properties and new listings down 5.8% to 5,022. However, new pending sales showed positive momentum, rising 7.3% year-over-year to 3,957, signaling strengthening buyer demand heading into the summer months.
Overall, the Orlando market remains relatively balanced but slightly softer in sales volume and pricing, with tightening inventory and rising pending contracts pointing to potential stabilization in the coming months.
The Tampa Bay Housing Market
The Tampa-St. Petersburg-Clearwater MSA showed mixed results in April 2026. Closed sales totaled 4,896, down 3.6% year-over-year, while the median sale price remained nearly flat at $367,500 (-0.4%). Despite the dip in transaction volume, dollar volume increased 5.5% to $2.4 billion, reflecting solid activity at higher price points.
Supply conditions continued to tighten, with active inventory declining 10% to 20,363 properties and new listings falling 13% to 6,900. On a positive note, new pending sales rose 5.3% to 5,563, indicating strengthening buyer demand heading into the summer.
Overall, the greater Tampa Bay market remains balanced with moderating sales volume, stable pricing, and contracting inventory that continues to support a competitive environment for sellers.
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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