Florida condo sales grow at both ends of market

 By Amy Connolly

Florida’s townhouse and condo market posted a 9% year-over-year increase in second-quarter sales, with the strongest gains among properties priced below $200,000 and those selling for $1 million or more. Sales also rose sharply in several metro areas, including Panama City, Punta Gorda, Cape Coral-Fort Myers and Naples.

Florida’s townhouse and condo market gained ground in the second quarter, with the strongest sales growth coming from properties priced below $200,000 and those selling for $1 million or more.

Closed sales of units priced below $200,000 rose 18.4% from a year earlier to 6,205, according to Florida Realtors® data. At the other end of the market, sales of properties priced at $1 million or more jumped 29.5% to 2,195.

The results point to increased activity among two very different groups: buyers searching for lower-priced housing options and those shopping in Florida’s luxury market.

Growth within the million-dollar category extended across every price range. Sales between $1.25 million and $1.49 million rose 33%, while sales from $1.5 million to just under $2 million increased 37.4%. Sales between $2 million and $2.99 million climbed 39.4%.

The highest-priced categories posted even larger percentage gains, although they accounted for fewer transactions. Sales between $5 million and just under $10 million increased 48.8%, while sales of $10 million or more rose 59.3% to 43.

Most of the middle price ranges also improved, but more modestly. Sales rose 3.2% for properties priced between $200,000 and $299,999 and 1.8% in the $300,000 to $399,999 range. The only category to decline was $800,000 to $899,999, where sales fell 3.2%.

Overall, Florida recorded 27,106 townhouse and condo sales during the quarter, up 9% year over year. The statewide median sale price remained unchanged at $310,000.

The sales gains were spread across several parts of the state. Panama City posted the largest percentage increase among Florida metropolitan areas, with townhouse and condo sales rising 40.1%. Sales increased 31.6% in Punta Gorda, 26.9% in Cape Coral-Fort Myers, 26.6% in Sebastian-Vero Beach and 21.3% in Naples.

Those markets cover a wide range of price points. The second-quarter median townhouse and condo price was $255,000 in Punta Gorda, $285,000 in Cape Coral-Fort Myers, $367,000 in Panama City and $465,000 in Naples.

© 2026 Florida Realtors®

Florida pending sales outperform national market

 By Amy Connolly

Florida single-family pending sales rose 4.1% year over year in June, outperforming national and regional declines. Closed sales and prices also increased, though the monthly pending-sales total fell from May.

Florida’s single-family housing market showed stronger year-over-year momentum than the nation, with new pending sales rising in the state while declining nationally, according to the latest housing data. 

New pending sales of Florida single-family homes increased 4.1% from June 2025, reaching 24,235, according to Florida Realtors® data. Pending inventory, which measures all homes under contract at the end of the month, rose 5.1% year over year to 32,034.

Nationally, pending home sales fell 0.3% from a year earlier, according to the National Association of Realtors®. The South posted a 0.9% annual decline, making Florida’s increase particularly notable within the region.

The statewide numbers suggest Florida buyers remained active despite mortgage rates near 6.5% and affordability concerns weighing on the broader U.S. market. New pending sales also increased 4.8% year over year in May.

The statewide numbers suggest Florida buyers remained active despite mortgage rates near 6.5% and affordability concerns weighing on the broader U.S. market. New pending sales also increased 4.8% year over year in May.

Sales activity typically slows after the spring buying season, with both new pending sales and closed sales generally lower in the summer. Because that pattern occurs nearly every year, Florida Realtors economists said the more important measure is whether sales are rising or falling compared with the same period a year earlier.

For now, that trend remains positive. However, if the year-over-year change in new pending sales moves closer to zero or turns negative, closed sales could follow a month or two later. That could become more likely if mortgage rates rise above their year-ago levels in the coming months.

Pending sales are considered an early indicator of future closings because they represent homes that are under contract but have not yet completed the sales process. Not every pending contract closes, however, because financing, inspections, appraisals and other issues can cause transactions to fall through.

Florida’s completed sales also strengthened in June. Closed sales of single-family homes increased 9.3% year over year to 26,036, while the median sale price rose 4.9% to $432,000. The large annual sales gain was partly influenced by an unusually weak June 2025, but total sales remained higher than last year and close to June 2023 levels.

For Realtors®, the statewide increase in pending sales provides a useful starting point for conversations with buyers and sellers, but local conditions may differ.

© 2026 Florida Realtors®

Florida economy moves up to No. 14 globally

 By Amy Connolly

The state's $1.8 trillion economy is now the world’s 14th largest after surpassing Australia and Mexico, according to the Florida Chamber Foundation. The foundation said Florida’s economy grew 6.3% over the past year, moving the state closer to its goal of ranking among the world’s 10 largest economies by 2030.

Florida’s $1.8 trillion economy is now the 14th largest in the world, surpassing Australia and Mexico, according to the Florida Chamber Foundation.

The new ranking, up from 15, moves Florida closer to the Florida 2030 Blueprint’s goal of becoming one of the world’s 10 largest economies by 2030.

Florida’s economy grew 6.3% over the past year, the foundation said. At its current size, the economy would need to grow about 2% to surpass South Korea and reach No. 13. Moving into the top 10 would require about 21% additional growth, with Canada currently ranked 10th.

“Florida’s rise to the world’s 14th largest economy is part of our Florida 2030 Blueprint plan and further proof that free enterprise works,” said Mark Wilson, president and CEO of the Florida Chamber of Commerce and Florida Chamber Foundation. “Florida continues creating jobs, attracting investment, welcoming new businesses, and giving families greater opportunity to succeed.”

The foundation highlighted several areas in which Florida ranks among the nation’s leaders:

• No. 1 for new business startups
• No. 1 higher education system
• No. 1 for manufacturing job growth
• No. 1 for net income migration
• No. 1 for new business migration
• No. 1 for Black-owned businesses
• No. 2 for Hispanic- and women-owned businesses
• Lowest state debt per capita
• 155,742 fewer children living in poverty since the Florida 2030 Blueprint launched

“This ranking reflects the impact of Florida’s economic growth over time,” said Sheridan Morby, the foundation’s senior director of economic research. “Strong labor market expansion and business investment continue to help position Florida among the world’s largest economies.”

The Florida Chamber Foundation plans to provide additional analysis in its 2026 Florida Business & Economic Mid-Year Report next month. The report will examine economic growth, population changes, inflation, manufacturing, workforce development and housing affordability.

© 2026 Florida Realtors®