As of June 2025, U.S. existing home sales sales declined by 2.7% from May, with decreases observed across the Northeast, Midwest, and South regions. However, transactions remained flat compared to the same month last year.
The median existing-home price climbed 2% year-over-year to $435,300, marking the 24th consecutive month of annual price gains and the highest on record for any month of the year. Single-family home prices rose 2% to $441,500, while condominium and townhome prices edged up 0.8% to $374,500.
Housing inventory increased 15.9% year-over-year to 1.32 million units, representing a 4.6-month supply at the current sales pace. Homes spent an average of 27 days on the market, up from 22 days in June 2024.
Individual investors and second-home buyers accounted for 14% of June transactions, while distressed sales — including foreclosures and short sales — made up just 3% of total sales.
According to Realtor.com, home listing cancellations and non-renewals recently surged by 47%, indicating that many sellers who are unable to achieve their desired price are opting to withdraw their homes from the market rather than lower their expectations. From January to May 2025, delistings are up 35% from the same period in 2024.
The Florida Housing Market
After four consecutive months of year-over-year declines, Florida’s housing market continued experienced a slight rise in property transactions during the months of June, up 0.5% to 32,983 closed sales.
The median sale price across all property types declined to $379,900, representing a 3.6% decrease from June 2024. Median prices have remained fairly stable during 2025.
Active inventory continued its increasing trend, up 24.7% year-over-year to 197,538 units.
Closed Sales
In June 2025, Florida reported 32,983 closed sales transactions, representing a 0.5% increase from the previous year but a decrease from the 34,510 sales recorded in May.
Existing single-family home sales rose 2.8% year-over-year, while condominium and townhome sales declined by 6.4%.
Sales of homes priced above $1 million fell 4.1% compared to June 2024, underscoring ongoing softness in the luxury market.
Median Sales Prices
Since mid-2023, Florida’s median home prices have remained relatively stable, showing only modest fluctuations. As of June 2025, the median home price dipped slightly by 3.6% year-over-year to $379,900. Throughout this period, values have consistently stayed within the $360,000 to $395,000 range, reflecting a steady market despite broader economic headwinds.
In the luxury segment, the median sale price for homes over $1 million declined by 1.6%, signaling continued price adjustments at the top end of the market. This trend suggests that while overall home prices in Florida have held steady, higher-priced properties are experiencing more downward pressure, likely due to softer demand and increased inventory in the luxury sector.
Active Inventory
Active inventory in Florida continued its upward trajectory in June 2025, increasing 24.7% year-over-year to reach 197,538 units across all property types. Despite this significant growth, inventory remains below its recent peak of 204,275 units seen in April.
Notably, this is the highest level of available homes Florida has experienced since the first quarter of 2012, reflecting a substantial shift in market conditions. The expanding inventory provides buyers with more options and may help ease some of the competitive pressures seen in recent years, although supply still falls short of the levels reached during the last housing cycle.
This trend suggests a gradual return to a more balanced market, with the potential for further adjustments in pricing and negotiation dynamics as inventory continues to build.
The South Florida Housing Market
In June 2025, South Florida’s housing market continued its trend of declining transaction volume, even as home prices saw a modest increase.
Closed sales fell 9.4% year-over-year to 5,834 units, while the total dollar value of homes sold dropped 10% to $4.8 billion. Despite the slowdown in sales activity, the median home price across all property types edged up 1% compared to the previous year, reaching $520,000.
Inventory levels surged 30% from a year ago, surpassing 50,000 available units. This significant increase in supply is giving buyers more choices and may contribute to a gradual rebalancing of the market in the coming months.
The Greater Orlando Housing Market
In June 2025, Orlando’s existing home sales rose 3.4% year-over-year to 3,511 closed transactions, with the total sales volume increasing 1.4% to $1.8 billion.
Despite the uptick in sales, the median price across all property types declined by 1.8% to $407,500, indicating some softening in home values.
Inventory of existing homes for sale continued to climb, jumping 29% compared to June 2024. Meanwhile, new listings fell 4.8% year-over-year, suggesting that while more homes remain on the market, fewer sellers are entering the market with new properties.
The Tampa Bay Housing Market
As of June 2025, existing-home sales in the Tampa–St. Petersburg–Clearwater MSA fell 3.2% year-over-year to 5,062 units, with the total sales value decreasing 5.6% to $2.4 billion.
The median home price across all property types declined 3.8% to $374,990, falling below the recent peak of $390,000.
Active inventory continued to surge, rising 25% year-over-year to 22,819 homes. Meanwhile, new listings dropped 8.1% to 6,248 units, indicating that while more properties remain on the market, fewer homeowners are choosing to list their homes for sale.
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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