Florida home prices

Home for sale in Marion County. [Photo courtesy realtor.com]

The Florida Realtors Association July 2025 market report shows that statewide the median single-family home sale price dropped to $410,000, a decline of 1.7% compared to July of 2024. Townhouse and condo median sales price were reported at $295,000, a 6.3% year over year decrease from last July.

The statewide active listing inventory for single-family homes is was 112,856, an increase of 20.5% over last year. Statewide inventory for condos and townhomes was reported at 70,017, a 19.7% increase.

Single-family market

Ocala/Marion County’s July median sale price reported for single-family homes was $289,900, which is a 1.8% increase from 2024.

“The July stats were fairly representative of what we’ve been seeing throughout most of the year, with no real signs of any sudden or significant shifts in the trends,” said Brad O’Connor, senior economist for the Florida Realtors, a statewide agents’ reporting and professional trade association.

“For example, let’s look at closed sales of single-family homes. In July, they were up by close to 3% compared to July of last year and, for 2025 overall so far, they are down by about 2 1/2% compared to where we were at this point in 2024. So, there was slightly more of a decrease in July versus the year as a whole so far, but we’re still pretty much in line,” O’Connor said.

Mortgage rates continue to affect the overall market, O’Connor noted, offering that “…the mild downward movement in mortgage rates that has accompanied weaker labor market data in recent weeks” naturally affects buyers. Interest rates on 30-year fixed-rate mortgages have been closer to 6 1/2% than 7% as of late. There is a lot of latent demand waiting for home purchases, if only affordability could improve enough.”

The association reported the supply of single-family existing homes statewide stood at 5.4-months’ supply, a 22.7% 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 decreased by 3.3% with a total of 5,950 throughout Florida, which was just over 23% of all sales.

“Cash sales can be a useful indicator,” the report stated, “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.”

Ocala/Marion County reported 783 single-family home closings, a slight .5% increase from last July.

Townhouses and condos

Locally, the Ocala/Marion County townhouse and condo median sales prices came in at $179,000, a 21.3% decrease from last July. A total of 47 closed sales were reported.

“In July, we observed a nearly 12% decline in closed sales in this category, so it’s clear that the condo and townhouse market remains significantly weaker than the single-family market,” O’Connor said. “However, July’s decline was typical for this category in 2025, which is reflected by the fact that we are also down 12% for the year overall.”

Statewide, existing condo-townhouse properties were at a 9.6-months’ supply in July, an increase of 37.1% from July of 2024 and reported total active listings of 70,017. For the sector, the number of cash sales decreased by 9.71% to 3,636 total and represented 50% of the market.