Existing-home sales decreased 1.7% month-over-month in July to a seasonally adjusted annual rate of 4.06 million units, though they remained 0.7% higher than a year ago.
Key National Highlights:
- Median home price rose to $434,100, up 2.0% year-over-year, marking the 37th consecutive month of annual price increases.
- Single-family homes saw prices rise 1.9% to $440,300; condo/townhome prices increased 2.2% to $371,800.
- Inventory declined 1.9% from June (and 0.6% year-over-year) to 1.54 million homes, remaining at a 4.6-month supply.
- Days on market extended to 29 days (vs. 28 days in both June and July 2025).
- Investors and second-home buyers accounted for 14% of purchases.
- Distressed sales (foreclosures and short sales) remained negligible at just 2% of all transactions.
Bottom line: The national housing market showed continued modest softening in July 2026, yet overall activity stayed slightly ahead of last year’s pace. High home prices and tight inventory continue to define the market, creating challenges for prospective buyers while rewarding prepared sellers in a competitive landscape.
The Florida Housing Market
Florida’s housing market continued its positive momentum in July 2026, with closed sales and new pending activity rising year-over-year for both single-family homes and condo-townhouses. Median sales prices also moved higher or held steady, reflecting ongoing buyer interest and solid demand across the state.
Market conditions remain favorable overall, though they continue to vary by community, price point, and property type.
Closed Sales
Florida’s existing home market stayed solid through the end of July 2026, recording 33,295 statewide closed sales, a 6.2% year over year increase.
Luxury activity remained especially robust, with sales of homes priced at $1 million and above climbing 28.1% from a year earlier and approaching record levels. This marked the eighth consecutive month of double digit growth in the luxury segment.
Median Sales Prices
Since mid 2023, Florida’s median home prices have held remarkably steady, moving only modestly even as mortgage rates and seasonal demand have shifted.
During July 2026, the statewide median price for existing homes rose 2.7% year over year to $385,000, remaining close to the all time high of $394,900 reached in June 2024.
The luxury segment stayed strong as well, with the median price for homes $1 million and above increasing 2.9% year over year to $1,250,000.
Active Inventory
Florida’s active housing inventory continues to tighten, falling 13.2% year over year in July to 166,046 units. This marked the sixth consecutive month of declines.
Although inventory remains well above the post pandemic lows of 2022, current levels are still well below the recent high of 204,275 units.
Luxury inventory for properties priced at $1 million and above also declined 12.1% year over year to 22,409 units.
The South Florida Housing Market
Closed sales rose 8.4% in July, accompanied by a 5.9% increase in the median sale price. Inventory remains tight, with active listings down 18% year over year to 40,433. New listings fell 10% to 8,643, yet new pending sales increased 1.0%, pointing to continued buyer demand and solid momentum through the summer season.
The mix of shrinking supply and steady buyer activity makes for a competitive but still workable market. Well prepared sellers continue to benefit from strong interest, while motivated buyers who move decisively can still find opportunities in South Florida’s changing landscape.
The Greater Orlando Housing Market
Closed sales in the Orlando Kissimmee Sanford MSA reached 3,588 in July 2026, up 6.2% year over year, while dollar volume climbed 7.8% to $1.8 billion. The median sale price eased slightly by 0.7% to $407,000.
Inventory continued to tighten, with active listings falling 5.5% year over year to 15,413. New listings declined 1.8%, while new pending sales rose 6.5%, pointing to healthy buyer engagement.
Overall, the Orlando area delivered a solid July, with stronger sales and dollar volume alongside tighter supply. That mix continues to favor prepared sellers while still offering opportunities for motivated buyers.
The Tampa Bay Housing Market
The Tampa St. Petersburg Clearwater MSA remained one of Florida’s softer major markets in July. Closed sales slipped again, falling 0.3% year over year to 4,753, yet total dollar volume still rose 5.1% to $2.3 billion. The median sale price increased 1.9% to $376,000, underscoring continued price resilience despite lower transaction volume.
Inventory tightened further, with active listings down 9.3% year over year to 20,375. New listings declined 3.7%, while new pending sales eased 2.3%.
Overall, Tampa Bay posted mixed results, with stable to rising prices and tighter inventory. Softer sales momentum suggests buyers remain somewhat more cautious than in the stronger South Florida and Orlando markets.
Partner With South Florida’s Trusted Real Estate Advisors
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