Florida Housing Market 2025: Mid-Year Check-In with Sunshine, Stats, and Surprises
- tara8704
- Jul 29
- 3 min read
Ah, Florida—the land of sunshine, flip-flops, and… spreadsheets? That's right, folks. The first half of 2025 has officially wrapped up, and Florida Realtors® just dropped their June housing market stats. Grab your coffee, cue the elevator jazz, and let’s dive into the data.
Because this is a halfway mark kind of moment, we’re going to get a little deeper into the trends and the truths shaping Florida’s real estate landscape this year.
Home Sales: A Softer Landing Than Expected
Historically, home sales take a breather from May to June, like Floridians avoiding midday sun. Last year, the drop in closed sales was more of a nosedive. But this June? Much milder. Whew-right?
Single Family Sales: Up nearly 3% year-over-year in June — the first time since January.
Quarterly View: Q2 closed only 2.5% lower than last year. Year-to-date? Down just 2%. Not bad, all things considered.
📈 Visual: Single Family Home Sales YoY Comparison(see chart above, top-left)
Condos & Townhomes: Still Stumbling, But Slower
Condos and townhouses followed a similar seasonal pattern—just without the rebound.
June sales were down 6.5% YoY (but that’s better than May’s 20% cliff).
Q2 as a whole? Down 14% from last year.
Insurance costs and new reserve requirements are weighing on demand like a soggy beach towel.
📈 Visual: Condo/Townhouse Sales YoY(see chart above, top-right)
Listings: A Tale of Two Quarters
Single Family Homes
Listings surged early in the year, especially in January and March.
But May and June listings slipped about 2.5% each.
Overall, still up 4.5% YTD — thanks to Q1 momentum.
📉 Visual: New Listings Trend for Single Family Homes(see chart, bottom-left)
Condos & Townhomes
Listings fell in 4 of the 6 months so far this year.
Down 7.5% in June, and down less than 1% YTD.
So, no—everyone is not trying to sell their condo. Check your data before repeating TikTok gossip.
Inventory: It’s Not What You Think
Inventory is up. Way up.
Single Family Inventory: Over 115,000 homes on the market now, more than 2x what we had in June 2022.
But don’t assume it’s because more homes are listed.
🛑 Remember: Inventory = Listings - Sales
And sales are slowing
Homes are staying on the market longer too — now 46 days, compared to just 10 days back in 2022.
📉 Visual: Days on Market – Single Family(see chart, middle-right)
The Buyer’s Market is Back (Sort of)
Condo/Townhome prices fell for the 12th straight month, down 7.7% YoY to $300K.
Single Family Median Price dropped 3.5% in June to $412K.
Both categories are still way up from 2020, but momentum is cooling fast.
📉 Median Price Changes Since 2020
Condos/Townhomes: +43% since June 2020
Single Family Homes: +46% since June 2020
The Bottom Line: It’s Complicated
Florida’s housing market is in transition. Inventory is growing not because everyone’s listing, but because fewer people are buying—especially in the condo space. Meanwhile, single family homes show some signs of life, particularly along the Gulf Coast.
Whether you’re a buyer, seller, or just a market-watching enthusiast, the big takeaway is this: dig into the data before you draw conclusions. And stay hydrated—it’s hot out there.
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