Existing-home sales increased during the month of June, rising 2.8% year-over-year to a seasonally adjusted annual rate of 4.09 million units.
Key National Highlights:
- Median home price climbed to $440,600, up 1.8% year-over-year — marking 36 consecutive months of annual price increases.
- Single-family homes saw prices rising by 1.8% to $446,400; condo/townhome prices increased 1.6% to $380,000.
- Inventory increased 0.6% year-over-year to 1.56 million homes, equivalent to a 4.6-month supply at the current sales pace.
- Days on market extended to 28 days (vs. 27 days last June).
- Investors and second-home buyers accounted for 13% of purchases.
- Distressed sales (foreclosures and short sales) remained negligible at just 2% of all transactions.
Bottom line: The national housing market showed modest month-over-month softening in June 2026, though overall activity remained ahead of last year’s pace. High home prices and tight inventory continue to define the market environment, creating challenges for prospective buyers while rewarding current homeowners and sellers in a competitive landscape.
The Florida Housing Market
Florida’s housing market demonstrated solid year-over-year growth in June and the second quarter of 2026, with increased closed sales and new pending activity for both single-family homes and condo-townhouses. Median sales prices also moved higher, reflecting continued buyer interest and strong demand across the state.
Market conditions remain favorable overall, though they vary by community, price point, and property type.
Closed Sales
As of the end of June 2026, Florida’s existing-home market remained fairly strong, with 36,253 statewide closed sales (a 9.9% increase from the previous year).
Sales of homes of homes priced at $1 million and above was near record highs, climbing 31.8% year-over-year. This marks the seventh consecutive month of double-digit growth in the luxury segment.
Median Sales Prices
Since mid-2023, Florida’s median home prices have shown notable consistency, fluctuating only modestly amid varying mortgage rates and seasonal market dynamics.
During June 2026, the statewide median price for existing homes rose 2.6% year-over-year to $390,000, staying close to the all-time high of $394,900 reached in June 2024. The luxury segment remained especially strong, with the median price for homes $1 million and above increasing 6.8% year-over-year to $1,601,300.
Active Inventory
Florida’s active housing inventory continues to tighten, declining 15.2% year-over-year during the month of June, to 167,790 units. This marks the fifth 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 13.8% year-over-year to 23,389 units.
The South Florida Housing Market
Inventory remains tight, with active listings down 18% year-over-year to 41,433. New listings declined 7.9% to 9,018, yet new pending sales rose 7.6%, reflecting sustained buyer demand and positive momentum heading into the peak summer season.
This combination of low supply and resilient buyer activity creates a competitive but navigable market. Well-prepared sellers continue to benefit from strong interest, while motivated buyers who act decisively can still find opportunities in South Florida’s evolving landscape.
The Greater Orlando Housing Market
The Orlando-Kissimmee-Sanford MSA rebounded strongly in June 2026. Closed sales reached 2,861, up 9% year-over-year, while dollar volume climbed 13% to $1.7 billion. The median sale price rose modestly by 1.3% to $455,000.
Inventory continued to tighten, with active listings declining 7.5% year-over-year to 9,941. At the same time, new listings increased 3.6% and new pending sales grew 2.6%, pointing to healthy buyer engagement.
Overall, the Orlando area delivered a solid performance in June, blending rising sales and pricing with a tightening supply that favors prepared sellers while still presenting opportunities for motivated buyers.
The Tampa Bay Housing Market
The Tampa-St. Petersburg-Clearwater MSA continues to be one of Florida’s softer major markets in June 2026. Closed sales dipped slightly by 0.8% year-over-year to 3,759, but total dollar volume still rose 5.6% to $2.1 billion. The median sale price increased a solid 3.6% to $424,900, underscoring continued price resilience despite lower transaction volume.
Inventory tightened further, with active listings down 15% year-over-year to 12,031. New listings declined modestly by 1.9%, while new pending sales eased 3.2%.
Overall, Tampa Bay showed mixed results with stable-to-rising prices and tighter inventory, though softer sales momentum suggests buyers remain somewhat cautious compared to stronger South Florida and Orlando markets.
Partner With South Florida’s Trusted Real Estate Advisors
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Whether you are looking to buy your next home or sell your current property, now is the ideal time to partner with Quantum Realty Advisors, Inc. We specialize in estate, trust, probate, and luxury residential transactions. This focus allows us to deliver strong outcomes even in complex situations. In a market that continues to show fragmentation and shifting dynamics, we have secured excellent results for our clients, delivering outstanding value while navigating today’s conditions with precision and expertise.
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Whether you are considering buying or selling, or know someone in your network who is, we would be happy to help. Contact us today for a free 30-minute consultation. Our team takes the time to deeply understand your objectives and will personally guide you every step of the way, supported by our extensive network of experienced partner brokers.
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