The latest real estate market statistics confirm the recovery: sales of single-family homes are up 3.4%, and sales of condos and townhouses are up 1.6% compared to November 2024.
It should be noted that the 2024 market was heavily impacted by Hurricanes Helene and Milton, causing slowdowns in September and October 2024, which carried over into November 2024. The comparison with November 2025 is even more telling, as under these conditions the growth shows very good health, compared to a month of November 2024 that outperformed.
According to Florida Realtors, sales of single-family homes under contract in November 2025 were up +2.7%; similarly, sales under contract for apartments and townhouses performed very well at +5.2%, while analysts had expected a decline.
Homes sold totaled 17,674 (+3.4%), and condos and townhouses totaled 6,099 (+1.6%). These figures correspond to contracts signed in the previous 30 to 90 days.
The median price of single-family homes remained stable at $410,000 (-0.2% compared to November 2024) with a listing inventory of 4.9 months; and slightly down for condos and townhouses at $299,320 (-3.8%), still with a large inventory of 9.4 months.
Demand is gradually increasing, stimulated by the slow decline in interest rates. According to Brad O’Connor, chief economist at Florida Realtors: “It’s typically difficult to extrapolate end-of-year trends into the next year’s spring buying season, but we’re not seeing anything in these sales numbers that give us a reason to be pessimistic as the year turns over. A substantial amount of latent demand is waiting to be unlocked throughout Florida as affordability improves. And affordability really is improving, just at a snail’s pace as rates inch slowly downward, home prices hold relatively steady – or even decline in some areas – and incomes rise gradually over time. »
In November, home sales were up +13.2%, with a stable price of $625,000 compared to November 2024. From January to November 2025, they were down -1.4% with a slightly higher annual median price of $640,000 (+1.1).
Source: Florida Realtors
For condos and townhouses, sales were up +4.1% in November 2025, with prices of $320,000 in a negative adjustment phase (-5.9%). But this is not enough to reverse the annual trend: since January, sales have fallen by -9.1%, with prices down -2.9% to $335,000.
In summary, the metropolitan area performed well in November, but this is not enough to reverse the annual trend for 2025, which is one of declining sales, although prices are holding up fairly well. The recovery in sales in November appears to be having a negative impact on condo and townhouse prices in a saturated market that is seeing the return of buyers in a strong position to negotiate prices.
