U.S. existing-home sales picked up slightly in September 2025, rising 1.5% from August to a seasonally adjusted annual rate of 4.06 million units. It’s a modest improvement, but one that hints at a market finding its footing after months of uneven activity.
Home prices continued their steady climb. The median existing-home price reached $415,200, up 2.1% from a year earlier and marking the 27th straight month of annual price gains. Single-family homes led the way with a 2.3% increase to $420,700, while condominium and townhome prices slipped slightly, down 0.6% to $360,300.
Inventory also saw a small boost, rising 1.3% from last year to 1.55 million units, which represents about a 4.6-month supply at the current sales pace. Homes spent a bit longer on the market; 33 days on average, compared with 28 days a year ago, suggesting buyers are taking more time to make decisions.
Investors and second-home buyers remained active, accounting for 15% of all transactions in September. Distressed sales, including foreclosures and short sales, continued to make up only a small share of the market at 2% of total activity.
The Florida Housing Market
Florida’s housing market showed renewed momentum in September, with closed sales of existing single-family homes rising 13.6% from a year earlier. Sales of existing condominiums and townhouses were also up, climbing 8%, according to the latest data from Florida Realtors®.
The market continued to follow trends seen in recent months, with inventory levels edging higher even as the pace of growth began to slow. Median sales prices held steady in September and throughout the third quarter of 2025, suggesting that price gains may be leveling off after several years of rapid appreciation.
Closed Sales
During the month, Florida recorded 29,606 closed home sales, a 12.5% increase from the same month last year. While activity remained stronger than a year ago, sales have declined for four consecutive months and now sit below the 2025 peak of 34,510 sales reached in May.
The luxury segment showed particular strength, with sales of homes priced above $1 million rising 23% year over year — the first double-digit gain since December 2024.
Median Sales Prices
Since mid-2023, Florida’s median home prices have remained relatively stable, showing only modest month-to-month fluctuations.
During the month of September, the statewide median price dropped 1.3% year-over-year to $375,000, marking the eight consecutive month of annual declines and signaling a gradual cooling in the broader market.
The luxury segment also showed little movement, with prices increasing by 1% as compared to a year earlier.
Active Inventory
Active housing inventory in Florida climbed to more than 200,000 units in late spring but has declined steadily through the summer months. In September, inventory was up 11.2% from a year earlier to 180,920, but fell month over month for the fourth consecutive time.
With many sellers pulling their listings, September recorded the lowest inventory level of the year, highlighting the growing impact of rising delistings and increased seller hesitation.
With many sellers choosing to remove their homes from the market, September marked the lowest inventory level recorded so far this year, underscoring the impact of rising delistings and seller hesitation.
The South Florida Housing Market
As of September 2025, South Florida’s housing market reversed course, with sales activity improving and price growth moderating.
Closed sales increased 11% year-over-year to 5,813 units, while total dollar volume improved 17% to $4.5 billion. The median price across all property types inched up just 1.0% to $495,000, reflecting a market where appreciation has largely flattened.
Meanwhile, inventory continued surge, up 13% to 47,120 active listings. This highlights the growing supply pressures that are reshaping market dynamics.
The Greater Orlando Housing Market
In September 2025, Orlando’s housing market showed further signs of cooling.
Existing home sales declined a modest 1.4% year-over-year to 3,060 closed transactions, while total sales volume was up 0.4% to $1.5 billion. Median prices were fairly stable, up 0.9% to $404,640.
Inventory continues to build, climbing 14% compared with the prior year, as homes spent longer on the market. Yet, new listings fell 1.9% year-over-year, underscoring a hesitancy among sellers to list their properties even as available supply accumulates.
The Tampa Bay Housing Market
In September 2025, existing-home sales in the Tampa–St. Petersburg–Clearwater MSA increased 16% year-over-year to 4,310 units, while total sales volume improved 10% to $1.92 billion.
The median home price across all property types fell 2.9% to $360,000, dropped well below the recent peak of $390,000.
Inventory continues to build, with active listings up 14% year-over-year to 21,186 homes.
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.
The information provided in this website was derived from sources deemed to be reliable to is not guaranteed or warranted. All information, content, and materials available on this site are for general informational purposes only and are not intended to be legal, financial or tax advice. The information contained herein is not a substitute for professional legal, financial or tax consultation and should not be relied upon for any legal, financial, or tax matters. If you require legal, financial or tax assistance, please consult with a qualified attorney, financial or tax professional who can provide guidance tailored to your specific situation.
