Florida Real Estate Market Update: May 2026 This market update provides a factual overview of key real estate metrics for Florida, relevant for For Sale By Owner (FSBO) sellers as of May 2026.
The data presented reflects statewide trends and may vary significantly by specific local markets.
Median Home Prices As of May 2026, the statewide median sale price for all residential properties in Florida reached approximately $425,000.
This figure represents a 3.7% increase compared to the median price observed in May 2025.
For single-family homes, the median sale price stood at $470,000, marking a 4.1% year-over-year increase.
Condominiums and townhouses recorded a median sale price of $330,000, showing a 2.8% increase from the previous year.
These figures indicate a continued upward trajectory in property values across the state.
Days on Market (DOM) The average Days on Market (DOM) for all residential properties in Florida during May 2026 was approximately 48 days.
This represents a slight increase of 6.7% compared to the 45 days recorded in May 2025.
Single-family homes generally spent an average of 45 days on the market, while condominiums and townhouses averaged 55 days.
This metric reflects the time from listing to contract signing, indicating the pace at which properties are moving from active listing to pending sale status.
Buyer Demand Buyer demand in Florida during May 2026 remained robust, though showing signs of stabilization compared to the heightened activity of previous years.
Mortgage applications for home purchases in Florida saw a 2.5% increase year-over-year.
The number of showings per listing statewide averaged 7.2, a slight decrease from 7.5 showings per listing in May 2025.
While still elevated, this suggests a more balanced market compared to periods of intense bidding wars.
Economic indicators such as employment rates and population growth continue to support underlying demand for housing in the state.
Inventory Levels Inventory levels across Florida have shown a gradual increase.
As of May 2026, the statewide supply of residential properties stood at approximately 3.8 months.
This represents a 15.2% increase from the 3.3 months of inventory available in May 2025.
For single-family homes, inventory was around 3.5 months, while condominiums and townhouses had a slightly higher inventory at 4.2 months.
A balanced market is typically considered to have 5-6 months of inventory.
The current inventory levels suggest a market that is still favoring sellers but is moving towards a more balanced state compared to the historically low levels observed in earlier periods.
The increase in available homes provides buyers with more options, potentially influencing negotiation dynamics.