Florida Realtors Association data shows home prices trend downward

Marion County home for sale. [Photo courtesy realtor.com]

The Florida Realtors Association June 2025 market report shows that statewide the median single-family home sale price dropped to $410,000, a decline of 1.2% compared to June of 2024. Townhouses and condo median sales were at $312,500, a 2.3% year over year decrease from last June. The statewide active listing inventory for single-family homes was at 107,161, a large increase of 31.38% from last year.

Single-family market

Ocala/Marion County’s June median sale price reported for single-family homes was $293,000, which is a 1% increase from 2024.

“Overall, single family home sales were only down a little over 2.5% compared to a year ago in Q2 and are down somewhat closer to 2% for the year as a whole,” said Brad O’Connor, senior economist for the Florida Realtors, a statewide agents’ reporting and professional trade association.

“Sales were up in 14 of the 22 metros in June, particularly along the Gulf Coast,” he said. “Year to date, however, the picture is murkier, with only six metros currently up in the sales column compared to last year at this time.”

The association reported the supply of single-family existing homes statewide stood at 5.1-months’ supply, a 34.2% increase over last June.

“Months’ supply inventory is a useful indicator of market conditions,” the report stated. “The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers’ market, and anything lower is a sellers’ market.”

Statewide, the number of cash sales for single-family homes increased by 5.6%, with a total of 65,095 throughout Florida, which was just over 33% of all sales.

“Cash sales can be a useful indicator of the extent to which investors are participating in the market. Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing,” the report stated.

Ocala/Marion County reported 770 single-family home closings, a 1.2% decrease from last June.

Townhouses and condos

Locally, the Ocala/Marion County townhouses and condos median sales prices came in at $196,500, a 4.2% decrease from last June. A total of 58 closed sales were reported.

“Still, the second quarter was a rough one overall for condo and townhouse sales, which fell by over 14% compared to Q2 of last year,” said O’Connor. “Condo units, in particular, continued to experience stunted demand in the face of new reserve requirements and difficulties with insurance. Statewide we’ve still seen close to 46,000 condo and townhouse sales this year, but that is down by 12% compared to the first half of last year. Drilling down to a more local level, condo and townhouse sales were only down year over year in half of Florida’s 22 metro areas in June, but for the year overall, so far, they remain down compared to 2024.”

Existing condo-townhouse properties were at a 9.1-months’ supply in June, an increase of 56.9% from June of 2024 and reported total active listings of 71,329. For the sector, the number of cash sales decreased by 6.41% and represented 54.2% of the market.